why oz banks borrow money from foreign banks?

  1. Aflatoon
    1,927 Posts.
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    07/02/12
    09:32
    Post #: 9654631
    My son(17) asks me Why Oz banks have to go out to borrow money to land customers locally? Are the Government (RBA) short of money supply? I am thinking the same thing but could not give him satisfactory reply. Can any one on HC?
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