Historical Events tagged with "reserve bank"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Politics & Government
Establishment of the Reserve Bank of Australia
January 14th, 1960 65 years ago
The Reserve Bank of Australia was officially established as the nation's central bank and banknote issuing authority. This change, mandated by the 1959 Reserve Bank Act, was a significant transition from the Commonwealth Bank's dual function of banking and central banking. The establishment aimed to provide a more focused approach to monetary and financial policy, improving overall economic stability in Australia.
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