Reserve Bank blind to conflict of interest

The Reserve Bank of Australia has a problem, but doesn’t know it.

Its assistant governor, Robert Rankin, is involved with a company that has been linked to shady deals (Africa and Asia) overseas. Worse, that company supplies polymers (used to make money) to the Reserve.

Wait. There’s more. Another two Reserve Bank appointees are also linked to the company.

Is there any acknowledgement from the Reserve there’s a problem? Not a jot.

All the Bank says is that it will ask the company, Securency, about its methods.

Am I missing something?

The PR Lab


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