Money Matters - Simplified

Australian Prime Minister Julia Gillard

Gillard offers Rudd a Cabinet post

Melbourne -- Australian Prime Minister Julia Gillard has invited former Prime Minister Kevin Rudd to become part of her Cabinet as the country's foreign affairs minister.

Gillard announcing her Cabinet selection Saturday in Melbourne, kept a campaign promise to include Rudd in the government's inner circle, CNN reported.

Rudd is widely viewed to have forged good relationships with the United States. He also has years of experience as a foreign diplomat and is fluent in Mandarin, a plus for an Australia's foreign minister, given China's role as the country's largest export market.