Australian Jan. Official Reserves Rise Slightly

Sponsored Links

Australia's official reserve assets totaled A$46.58 billion in January compared to A$46.51 billion in the previous month, the Reserve Bank of Australia said Friday. The value of official reserve assets increased by A$69 million mainly due to earnings.

Foreign exchange stood at A$36.84 billion, larger than the A$36.79 billion in December. Special Drawing Rights increased to A$5.41 billion from A$5.39 billion in the prior month. Reserves with IMF came in at A$1.21 billion and gold reserves totaled A$3.11 billion.

In U.S. dollar terms, official reserve assets dropped slightly to US$41.5 billion from December's US$41.72 billion.

Australia's official reserve assets totaled A$46.58 billion in January compared to A$46.51 billion in the previous month, the Reserve Bank of Australia said Friday. (Market News Provided by RTTNews)