Central Banking

RBA plans to sell scandal-hit Securency


The Reserve Bank of Australia (RBA) on Tuesday said it planned to sell its 50% interest in troubled polymer manufacturer, Securency.

The Australian central bank said it would pursue a sale of its half of Securency after Innovia Films, a UK film manufacturer which owns the other half of the company, said it planned to sell.

The RBA said in light of Innovia's decision to sell, the unsolicited expressions of interest from potential buyers, and the central bank's long-standing intention to exit from

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