Reserve Bank of Australia Annual Report – 1981 Financial Statements Gold and Foreign Exhange

Note 2 Gold and foreign exhange

This comprises gold, special drawing rights and foreign exchange holdings.

Gold is valued at the average London gold price for the month of June 1981 — $US460.76 per fine ounce ( June 1980 — $US600.72 per fine ounce) translated to Australian dollars at the rate of exchange current at 30 June 1981.

Marketable securities are included at market values applying on 30 June 1981. Where applicable, values for other investments include accrued interest.

Foreign exchange holdings and special drawing rights are translated to Australian dollars at rates of exchange current at 30 June 1981.