I hope our RB takes a futures position out to lock in the value of the swap. These exchanges are designed as much to prop up the US dollar as to give liquidity. If, in the mean time, a run on the US dollar starts (as expected in many financial quarters) we could be finding we only get 65% or less in real terms of the funds back - a 3.5 billion plus black hole.
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- australia lends 10 billion to the us reserve