This shows that investors not only carried on with their investments, but also initiated the implementation of new, important projects. These are only some of the results of the good policies we have adopted and implemented. But these results did not come on their own. They were facilitated by packages of measures worth around 17% of GDP. Support is provided this year as well.
It was given control over note issue in the 1920s and then progressively acquired exchange control powers and controls over the banking system. The Bank’s powers in relation to the administration of monetary and banking policy and exchange control were formalised in legislation in 1945. Then in 1959, the Commonwealth Bank was effectively split into two.