Papua New Guinea's Kamit on economic issues

Addressing the New Ireland Forum for Development Mr Kamit, governor of the Bank of Papua New Guinea, spoke about the issues facing the central bank, and developments in the country's economy.

The central bank's main objective is price stability, and in a small open economy this requires relative stability in the exchange rate, said the governor. Papua New Guinea has had a floating exchange rate for nearly ten years, and has therefore had to balance exchange rate stability, price stability and

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