Small island economies : Australian dollar appreciation
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All three countries use the Australian dollar as legal tender. None
has its own central bank or an independent monetary policy or exchange
rate flexibility. In recent years, the appreciation of the Au...
stralian dollar
vis-à-vis the US dollar has effectively reduced the price of imports on
average, greatly constraining consumer inflation (Figure 3.38.2).
Source : Reserve Bank of Australia ( http://www.rba.gov.au/ )
Source
http://www.rba.gov.au/Category
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