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H. C. Coombs is the only governor to have headed both the Commonwealth Bank and the Reserve Bank of Australia. The longest-serving governor, if his periods of service to both the Commonwealth Bank and the Reserve Bank of Australia are included, is H. C. Coombs, who served nineteen years and six months combined. [9]
The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank. [3]
Lord Howe Island, a small oceanic island in the Tasman Sea, 600 kilometres (370 mi) east of the Australian mainland; it is the most remote island of Australia to not fall under external territory status Ball's Pyramid; Admiralty Group; Manning River estuary: Cabbage Tree Island; Dumaresq Island; Mitchell's Island; Oxley Island; Merriman Island ...
Michele Bullock (born 1962/1963) is an Australian economist who is currently governor of the Reserve Bank of Australia (RBA). She commenced as governor on 18 September 2023, and is the first woman to hold the role. [1]
Australia, officially the Commonwealth of Australia, is a country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands. [ N 5 ] It has a total area of 7,688,287 km 2 (2,968,464 sq mi), making it the sixth-largest country in the world and the largest in Oceania .
The Commonwealth Bank of Australia was established by legislation in 1911. The main functions of the bank were to undertake general banking and savings bank activities. In 1945 the bank's powers were formally widened to include exchange control and the administration of monetary and banking policy with the Commonwealth Bank Act and the Banking Act.
The bank expanded during this period, and in just five years it opened hundreds of branches throughout Australia and in 1951 it established a branch in the Solomon Islands. In 1958 and 1959, there was a controversy concerning the dual functions of the organization, operating as the central bank on the one hand and a commercial bank on the other.
A world map is a map of most or all of the surface of Earth. World maps, because of their scale, must deal with the problem of projection. Maps rendered in two dimensions by necessity distort the display of the three-dimensional surface of the Earth. While this is true of any map, these distortions reach extremes in a world map.