Papua New Guinea
PNG’s kina is a commodity currency
Bank of Papua New Guinea looks at determinants of kina’s exchange rate
PNG’s Kamit on how to reap benefits of microfinance
Bank of Papua New Guinea’s Wilson Kamit says that microfinance should go hand-in-hand with improvements to financial literacy
PNG’s Bakani calls on government to cut costs
Bank of Papua New Guinea’s Loi Bakani says that the government should cut expenditure in the face of low export-commodity prices
Senior PNG officials shift roles
The Bank of Papua New Guinea has altered its management structure in a bid to enhance efficiency.
Papua New Guinea's Kamit praises polymer
The benefits of polymer banknotes are their cost-effectiveness, durability and greater ability to withstand counterfeiting, said Wilson Kamit, the governor of the Papua New Guinea.
Papua New Guinea's Kamit on independence
It was crucial that the central bank's independence was accompanied with wide-reaching finance industry reforms, said Wilson Kamit, the governor of the bank of Papua New Guinea.
Papua New Guinea: monetary tightening ahead
The Bank of Papua New Guinea will adopt a tightening monetary policy stance for the remainder of 2008, according to the central bank's latest monetary policy statement.
Money and banking in PNG - new edition
The Bank of Papua New Guinea has published the second edition of its book on money and banking in the country.
Papua New Guinea issues new notes for anniversary
The Bank of Papua New Guinea has introduced two new polymer banknotes to commemorate 33 years of the Kina and Toea currencies.
Papua New Guinea - Annual Report 2006
The Bank of Papua New Guinea almost doubled its foreign currency investments in 2006, spending Kina 4.01 billion ($1.4 billion) in comparison with Kina 2.06 billion ($720 million) the previous year.
Papua New Guinea's Kamit reviews progress
Wilson Kamit, the governor and chairman of the Bank of Papua New Guinea, discussed developments that the country's economy has made since 1999.
Bank of Papua New Guinea warns on spending
The Bank of Papua New Guinea issued a warning to the government against increased spending during the general elections, in the face of unfavourable external developments.
IMF paper on a Pacific Island common currency
The IMF Working Paper "Pacific Island countries - Possible common currency arrangement" paper examines the potential advantages and disadvantages of adopting a common currency arrangement among the six IMF member Pacific island countries that have their…
PNG's Bakani on financial system reform
In the speech 'Financial system reform in Papua New Guinea' given on 23 June (published 15 August), Loi Bakani of the Bank of Papua New Guinea said the Bank of PNG is in a process of establishing a legal framework for the microfinance industry and will…
Bank of PNG appoints deputy governor
The Bank of Papua New Guinea recently announced the appointment of Mr Loi Martin Bakani to the position of Deputy Governor Policy and Regulations. His term is for five years.
PNG's Kamit on liberalisation of forex controls
In a speech on 'Central bank initiatives - liberalisation of foreign exchange control' given on 7 December (published 26 Jan), L Wilson Kamit of the Bank of Papua New Guinea said that the liberalization of foreign exchange controls is one more step…
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.
BOK agrees to train Asian bankers
The Bank of Korea (BOK) will offer a training course on operations and the role of the "central bank" to nine employees from central banks in six Asian nations.
PNG central bank goes public on deputy's departure
After a 20 year career with the Bank of Papua New Guinea, Deputy Governor Flora Carruthers suddenly left the bank earlier this month a report has said. After much speculation on the sudden departure, central bank Governor Wilson Kamit took the bold step…
Papua New Guinea's central bank wants spending cut
PAPUA NEW GUINEA - The Bank of Papua New Guinea yesterday warned that the incoming government could face a financial crisis similar to those in 1994 and 1999 following a 210.5m kina hole in the budget deficit in the first half of this year.
Former cb governor keeps pmt seat in elections
PAPUA NEW GUINEA - Papua New Guinea's former central bank governor, Sir Mekere Morauta, who since became prime minister, has succeeded in keeping his seat in parliament following an election tainted by violence, although the future of his government…
PNG should adopt the Aust dollar, says expert
Papua New Guinea should adopt the Australian dollar to ensure economic stability, an expert on developing Asia Pacific economies advised today.