Why does the IMF report not mention Australia’s gold?

The IMF says Australia has not made sufficient progress in implementing its foreign exchange audit policy, and it says the country should not be considered to have met its audit targets.Key points:The IMF said Australia’s audit targets are “unachievable” due to its low gold reservesThe report said Australia had not made “sufficient progress” in implementing […]

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Foreign exchange kiosks are going up in the Philippines: Report

In a move that would likely come as a surprise to many Filipinos, foreign exchange kiosking is coming to the Philippines.The move comes after a Philippine National Police officer allegedly punched a woman during a domestic dispute in a Manila suburb on January 3.The woman reportedly filed a police complaint, saying the officer hit her […]

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Australian mining company wants $30 billion worth of foreign exchange in Australian capital

Australian miner Anglo American is set to seek $30bn in foreign exchange from Australian investors, according to Australian Financial Review.AFL Media understands the company will use foreign exchange to fund the acquisition of Anglo American’s Australian mining assets, and will likely seek a 10 per cent interest rate on the proceeds.The deal is expected to […]

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