Search: Y2K

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RBA Glossary definition for Y2K

Y2K – Year 2000. The Year 2000 problem was the possibility that financial institutions' computer systems would fail on 1 January 2000 and spark a loss of public confidence in individual institutions or at worst, in the financial system as a whole. In the event, the arrival of Y2K was virtually incident-free.

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The Reserve Bank Board and Governance

3 Aug 2000 RBA Annual Report – 2000
for Y2K; see reference in ‘Governor's Foreword’.
https://www.rba.gov.au/publications/annual-reports/rba/2000/rba-board.html

Business Services

3 Aug 2000 RBA Annual Report – 2000
These values are up significantly (by around 35 per cent) on last year, reflecting strong demand for notes by banks in the run-up to Y2K. ... As explained in the chapter on ‘Financial System Stability’, the RBA ordered additional notes in preparation
https://www.rba.gov.au/publications/annual-reports/rba/2000/bus-serv.html

Note Printing Australia

24 Aug 2001 RBA Annual Report – 2001
This was fewer than in the previous year because of a lower Australian requirement, due largely to the passing out of the Y2K bulge and to the much longer life of
https://www.rba.gov.au/publications/annual-reports/rba/2001/note-printing.html

Business Services

28 Aug 2006 RBA Annual Report – 2006
a contingency for Y2K.
https://www.rba.gov.au/publications/annual-reports/rba/2006/bus-serv.html

Business Services

31 Aug 2007 RBA Annual Report – 2007
part of its contingency preparations for Y2K.
https://www.rba.gov.au/publications/annual-reports/rba/2007/bus-serv.html

Business Services

8 Sep 2005 RBA Annual Report – 2005
In the first half of the 1990s, the replacement of paper notes with polymer required large new note orders, as did contingency plans for Y2K towards the end of the decade.
https://www.rba.gov.au/publications/annual-reports/rba/2005/bus-serv.html

Financial System Stability

21 Aug 2002 RBA Annual Report – 2002
sector. Fortuitously, preparation for the Y2K problem had already raised awareness of contingency planning among financial institutions.
https://www.rba.gov.au/publications/annual-reports/rba/2002/fin-sys-stability.html