Australia International Reserves Increase In August

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Monday, the Reserve Bank of Australia said in a report that the official reserve assets stood at US$ 46.54 billion in August, up from US$ 44.05 billion in July. International reserves were US$ 30.68 billion a year ago.

Changes in the value of official reserve assets indicate foreign exchange transactions by the central bank, earnings on foreign securities, transactions with official institutions overseas and valuation effects arising from changes in the foreign currency value of the assets and exchange rates.

Foreign exchange amounted to US$ 39.07 billion in August, down from US$ 40.54 billion in July. At the same time, the gold reserves increased to US$ 2.45 billion from US$ 2.41 billion in July.

Meanwhile, nation's reserves position with International Monitory Fund totaled US$ 1.09 billion in August, larger than the US$ 925 million in July.

Monday, the Reserve Bank of Australia said in a report that the official reserve assets stood at US$ 46.54 billion in August, up from US$ 44.05 billion in July. International reserves were US$ 30.68 billion a year ago. (Market News Provided by RTTNews)