Australian Official Reserves Rise to A$48 Billion in February, RBA Says

(CEP News) - Australia’s official reserve assets rose to a total of A$48.25 billion in February from A$47.78 billion, the Reserve Bank of Australia reported on Friday.

Disaggregating the figures, the RBA noted that foreign exchange reserves increased to A$43.79 billion, while SDRs remained unchanged at A$260 million. Gold reserves improved modestly to A$3.79 billion from A$3.67 billion in January.

In U.S. dollar terms, official reserve assets grew to $31.14 billion, up $380 million from January’s level.

Foreign exchange reserves increased from $27.97 billion to $28.26 billion, while SDRs remained stable at $170 million.

By Todd Wailoo, twailoo@economicnews.ca

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Posted in Categories: Australia, Economy, Eurozone, Releases, USA.

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