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RBA Glossary definition for ESA

ESA – Exchange Settlement Account. An account held at the Reserve Bank of Australia by financial institutions to settle financial obligations arising from the clearing of payments.

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The Exchange Rate and the Current Account

12 Feb 2007 Conferences PDF 195KB
RBA Conference Volume 1993
https://www.rba.gov.au/publications/confs/1993/pdf/bullock-grenville-heenan.pdf