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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 towards encouraging foreign investment in Papua New Guinea.

"Given the very stable economic conditions in PNG now and in the medium term and a stable and strong financial system, the Bank of PNG is taking this bold initiative to remove the

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