The Reserve Bank of Australia (RBA) is Australia's central bank, responsible for the country's monetary policy formulation and implementation. The RBA is completely independent of the government and operates independently of political considerations. Its primary goal is to keep Australia's currency, financial system, and payments system stable. The RBA also serves as a banker to the Australian government, issuing banknotes, regulating the supply of money, and overseeing the financial system's stability. The RBA is led by a Governor who is appointed by the Australian government and is governed by a Board of Directors.