Search: Exchange Settlement Account balances
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RBA Glossary definition for Exchange Settlement Account balances
Exchange Settlement Account balances – The sum of balances held in Exchange Settlement Accounts with the Reserve Bank.
RBA Glossary definition for settlement
settlement – The discharge of obligations arising from fund transfers between two or more parties.
RBA Glossary definition for Exchange Settlement Account
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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Why did it Happen?
1 May 1998
RDP
9805
1997(e). 1998(f). Current account. 25. 41. 55. 27. 31. Private flows, net. ... 16.0. 17.2. Notes: (a) Full balance of payments and timely GNP statistics are not compiled yet for Hong Kong but Ma and Hawkins suggest the current account may have
https://www.rba.gov.au/publications/rdp/1998/1998-05/why-did-it-happen.html
What Happened?
1 May 1998
RDP
9805
As with their exchange rates, the equity markets turned around in January 1998. ... Current account. (c). 3 (4). 2 (3). 2 (5). 4. Budget balance.
https://www.rba.gov.au/publications/rdp/1998/1998-05/what-happened.html