Reserve Bank of Australia

Reserve Bank slashes dividend, announces accounting loss in annual report

dig this The Federal Government will be paid a substantially lower dividend from the Reserve Bank due to the value of its foreign assets being hurt by the resurgent Australian dollar over the past year.

Find Out More In its annual report released this afternoon, the RBA said it would send a lighter $1.28 billion to Treasury in 2016/17 compared to $3.22 billion in the previous year.

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