Enhanced political engagement of Ministers in IMF related issues is certainly welcome. At this juncture, such engagement is best achieved through improvements in the functioning of the IMFC. We value the IMFC as a consensus based body and believe enhancement of the legitimacy of the Fund will enhance the effectiveness of the IMFC as well. 4  BIS Review 55/2010  27.
All of the public sector debt is issued in Australian dollars. The debt that is denominated in foreign currency, which is issued by the banks and corporates, is  hedged back into Australian dollars (and generally the hedge is maturity-matched). Where it is not, there is often a natural hedge available in the form of foreign currency income.