Many students have small stashes at home which they are delighted to share--and after exploring
Australian currency, asking them to bring in coins and notes often elicits a surprisingly large horde.
At the end of 2012, the exchange rate for the
Australian currency remained high, despite the softening of record high commodity prices and some slippage in the favourable terms of trade.
9% of silver, each coin is issued as legal tender under the
Australian Currency Act 1965.
Prices for primary commodities have been falling since the crisis broke, although a depreciation of the
Australian currency against the US dollar has meant that, overall, Australian dollar commodity prices have risen and are providing incentives to maintain production.
Other problems occurred with the money activities, since
Australian currency includes a 20-cent coin.
To take up all or some of your Entitlements you will need to ensure your application money for the Entitlements you wish to take up is received by Link Market Services Ltd (Share Registry) by no later than 5:00pm AEDT on 17 October 2014 by completing and returning your Entitlement and Acceptance Form together with your cheque made payable in
Australian currency, for the amount indicated on the Entitlement and Acceptance Form.
Last month, the Reserve Bank of Australia weakened confidence in the
Australian currency by announcing that the Australian economy was set to enter a period of weaker than expected economic growth.
The New Zealand dollar dropped against the
Australian currency after the announcement.
But further falls for the
Australian currency could be limited as the US Federal Reserve and European Central Bank are busy trying to stimulate their economies as well, diminishing the allure of both the dollar and euro.
As part of the programme, CBA and its subsidiary Bank of Western Australia can place senior unsecured medium-term notes and transferable certificates of deposits in
Australian currency.
