Problem: Australia's central bank is the Reserve Bank of Australia (RBA).The Australian dollar is issued and managed by the bank, which also determines the country's monetary policy. For federal agencies and some international central banks, the RBA provides banking and registry services. Established in 1960, the bank is completely owned by the Australian government. The bank is currently run by Philip Lowe, who succeeded Glenn Stevens in 2016.
Briefly talk about the History of the Reserve Bank of Australia.