Information on recent use of foreign exchange swaps can be found in the RBA Annual Report (2020). [4]  Spot intervention by the Bank has become less frequent as the market has developed, hedging foreign currency risk has become more efficient and as awareness of the benefits of a floating exchange rate regime has grown.
In early December 2013, the Central Bank’s liquidity management framework was enhanced with an increase in the borrowing limits under the Treasury Bills Act (to $ billion from $ billion) and the Treasury Notes Act (to $ billion from $ billion). I wish to emphasize that these Treasury securities are purely for the purposes of monetary policy, not fiscal policy.