Bank of Papua New Guinea Bank of Papua New Guinea The Bank of Papua New Guinea is the central bank of Papua New Guinea. Its main function 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. Mr Loi Martin Bakani is the current governor of the bank. Banking came to Papua in 1910 with the establishment of a branch of the Bank of New South Wales in Port Moresby. In 1916,
Sangara, Papua New Guinea of capital worth £500,000 to promote sugar production in Papua New Guinea. The company was reported to have applied for some 8100 hectares of land. The sugar industry in Sangara though was reportedly not as successful as the rubber industry and some of the plantations were later converted to produce rubber. Sangara, Papua New Guinea Sangara is a settlement in south-eastern Papua New Guinea. It is located to the east of Kokoda. During the Second World War the area saw fighting between the Japanese forces and the allies (primarily Australians). Missionaries were once active in the area and a mission