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,
Elections in Papua New Guinea Elections in Papua New Guinea Elections in Papua New Guinea gives information on election and election results in Papua New Guinea. Papua New Guinea elects on national level a legislature. The National Parliament has 111 members, elected for a five-year term in single-seat constituencies. Papua New Guinea has a multi-party system, with numerous parties in which no one party often has a chance of gaining power alone, and parties must work with each other to form coalition governments. Members of Parliament represent the 111 single-member electorates. The 20 provinces, the Autonomous Region of Bougainville and the National Capital District each