The Difference Between Money and Currency

The central bank is actually buying the government bonds off of the banks. And that then essentially clears the bonds off the toble, but also gives the banks money. So they're taking those bonds away. Yet basically what they do is say, like they want to buy a certain amount of bonds. They'll go, i think it's eleven o'clock on whatever day, they'll say, we want to buy these bonds a. Then everyone sort of who holds exchange settlements accounts, so the banks and the superannuation funds and what not, say, ye, we'll sell those bonds to you at that price that you're asking atha auction takes place. That's what su...