As a result, inflationary pressures will be contained in the medium run. And, of course, the conversion costs between various currencies, which are quite considerable for consumers, especially in sectors such as tourism, will be eliminated.
By all accounts, Asian investors have helped support longer-term Australian dollar issuance of late.8 It does not yet seem to be the case that resident investors are able to provide the demand needed for a large volume of longer-term issuance, although that could evolve over time. 10 / 15  BIS central bankers' speeches  Where to now?