Gday all, the COMMONWEALTH OF AUSTRALIA is listed on the US securities and exchange commission.
Can anyone explain whats happening here in normal layman's terms.
Probably just something alloted for currency exchanges between central banks and rules for securities that trade in the USA. These are otherwise
known as depository receipts. None of this is listed very clearly. It is most likely the case though in my opinion without a lot of research.
Thanks guys for your replies, iam hoping to hear from someone that is well educated in economics and can tell us all exactly what is going on in terms
we can all understand.
I have this link to a blog that may explain it but i would like a second opinion.
Check it out loveforlife.com.au...