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The Reserve Bank of Australia, the country's central bank and banknote issuing authority authorized by the 1959 Reserve Bank Act, is established.
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Reserve Bank of Australia
Central bank of Australia
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.Source: Wikipedia (CC BY-SA)
Central bank
Government body that manages currency and monetary policy
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Many central banks also…Source: Wikipedia (CC BY-SA)
Banknote
Paper money issued by a bank
A banknote or bank note – also called a bill or simply a note – is a type of paper money that is made and distributed ("issued") by a bank of issue, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the…Source: Wikipedia (CC BY-SA)
January 14
Day of the year
January 14 is the 14th day of the year in the Gregorian calendar; 351 days remain until the end of the year.Source: Wikipedia (CC BY-SA)