Strong dollar sees RBA book record A$3.8 billion hit
The strength of the Australian dollar was the major factor in the A$3.8 billion ($3.7 billion) fall in the value of the Reserve Bank of Australia's (RBA) foreign exchange reserves and drove the central bank A$2.9billion into the red for the year ending 30 June 2010.
The central bank cancelled its dividend payment to the government as a result.
In its Annual Report, published on Thursday, the RBA said it made a loss of A$2.9billion from 30 June 2009 to 30 June 2010, compared to a profit of a A$8
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