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The eAustralian Government use the Reserve Bank of Australia (RBA) as its primary banking facility to manage the financing of its various activities and to regulate the Money Market in terms of AUD buying/selling.

The RBA applies a "peg" system on the AUD. The government does not however wish to hold the money market at an articficial level that does not accord with the underlying market. A peg level is chosen to align with market conditions. When the market moves sufficiently to justify a new peg level, the government MM bids are changed to reflect a new peg level.

Currently this is set at 1 AUD = 0.018 gold. For normal trading, the RBA will maintain AUD offers at 0.018 g and gold offers up to 58.8 AUD. The RBA gold offer may increase or decrease the trading margin depending upon various conditions.

Note that the peg level has changed from 0.020 to 0.018 due to changes in market conditions over the past few days. This change was aimed at restablishing a new stable level for the market.

The RBA may move the peg level at any time if trading moves higher or lower. Notice will not be given of any such moves but announcements will be made if a new peg level becomes the new preferred trading level as on this occasion.