RBA Governor Glenn Stevens is a frequent target for criticism here:
Stevens’ Nonchalance ‘Stunning’
And the RBA more generally is also a favourite target:
RBA Officials Have A Vested Interest In The Fate Of Aussie Real Estate
In our most recent flame on the RBA Governor ( “Final Proof That RBA Governor Glenn Stevens Is Either A Liar, Or A Blithering Idiot” ), we saw how Stevens lied about economists failing to predict the GFC. In a speech at a fancy dinner, at the peak of the GFC. While celebrating his $234,000 p.a. pay rise.
Now, we learn that Stevens lied about RBA officials’ knowledge of corruption in their own ranks.
From The Age:
Some of the Reserve Bank of Australia’s most senior officials were involved in covering up extensive evidence of corruption inside the central bank’s subsidiaries, Note Printing Australia and Securency.
An investigation by The Age has found top RBA officials suppressed damaging information in 2007 and 2008 about the payment of secret commissions to middlemen hired by the RBA firms to win banknote contracts in Nepal and Malaysia.
Among the officials who knew of the serious corruption concerns are deputy governor Ric Battellino, former deputy governor Graeme Thompson and former Note Printing Australia boss Chris Ogilvy…
The evidence of the cover-ups is contained in internal documents from the RBA and the banknote firms, including many seized by the federal police after executing search warrants.
The documents challenge RBA governor Glenn Stevens’s statement to a federal parliamentary committee in February that ”no one in the Reserve Bank or on our board” knew of corruption allegations involving Securency and NPA before The Age revealed them in May 2009.
And we the taxpayers are (given no choice in) paying this bloke over $1 million per annum.
I’ve said it before.
It bears repeating.
Abolish. The. RBA.
h/t Twitter user MsMonneypenny
Barnaby Is Right 
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