PNG central bank goes public on deputy's departure

- Central Banking staff
- 04 Nov 2003

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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 of explaining the decision in a newspaper advertisement, according to ABC Radio Australia. Mrs Carruthers, the report alleges, was fired as a result of misappropriation of money belonging to the bank. The report also said Mrs Carruthers was a

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