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What is Bank of Papua New Guinea?
What is the primary role of the Bank of PNG?
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Bank of Papua New Guinea is the central bank of Port Moresby, Papua New Guinea (Niugini). It's main role is to issue currency and to act as banker to the Government.
- Monetary Policy
Monetary policy is the responsibility of a monetary...
- Financial Stability
In order to continue to maintain stability of the financial...
- Payments System
Payments System - Bank of Papua New Guinea (PNG) Port...
- Financial Markets
The Bank of Papua New Guinea oversees the Foreign Exchange...
- FX Regulation
FX Regulation - Bank of Papua New Guinea (PNG) Port Moresby,...
- Publications
Bank of Papua New Guinea (PNG) Port Moresby, Papua New...
- Investments
Investments - Bank of Papua New Guinea (PNG) Port Moresby,...
- About Us
Prior to its establishment, the Bank of Papua New Guinea was...
- Monetary Policy
Bank of Papua New Guinea is the central bank of Port Moresby, Papua New Guinea (Niugini). It's main role is to issue currency and to act as banker to the Government.
The Bank of Papua New Guinea (Tok Pisin: Beng bilong Papua Niugini) is the central bank of Papua New Guinea, which has a core mandate to ensure price stability and maintain macroeconomic growth.
5 days ago · The primary role of the Bank of PNG is to issue currency and to act as the banker and financial agent to the Government. It is also in charge of regulating banking and other financial services and manages the gold, foreign exchange and any other international reserves of Papua New Guinea.
- How We Got Here
- Changes
- Forex Shortages
If you were around in the mid 1990s, you may remember the parlous state of the economy at the time. High inflation, a rapidly declining kina, a deficit in the balance of payments, and only a few weeks’ of foreign exchange left to trade. Something drastic had to happen, and it did. The late Sir Mekere Morauta ushered in the Central Bank Act 2000, ri...
You might ask why change the Central Bank Actat all? That’s not for me to answer, but I will say this: BPNG is making the changes an opportunity to review and reset, to introduce greater transparency and accountability, to become more stakeholder-focused, and to strengthen and modernise its functionality as a Central Bank of the future. Perhaps the...
BPNG is well aware of the issues faced by business in accessing foreign exchange. There are many varied and somewhat complex reasons for this but the fundamental issue is that there is not enough supply of foreign exchange to meet the demand for it. We all know about the country’s heavy reliance on imports and our vulnerability to shock from global...
The Bank of Papua New Guinea’s MISSION is to serve the people of Papua New Guinea by conducting effective monetary policy and maintaining a sound financial system.
Broadening the coverage of digital banking and financial technologies in Papua New Guinea could potentially lessen the adverse effects of external shocks, particularly the risk of disruptions to the provision of financial services.
