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,
House of Assembly of Papua and New Guinea House of Assembly of Papua and New Guinea The House of Assembly of Papua and New Guinea was the legislature of the territory of Papua and New Guinea from 1964 to 1972. Before 1964, the Legislative Council of Papua and New Guinea sat from 1951 to 1964 under the Papua and New Guinea Act 1949. After independence in 1975, the legislature was renamed from the House of Assembly of Papua New Guinea to the National Parliament of Papua New Guinea. From 1884 to 1902, Papua or British New Guinea was administered by Britain and then transferred to direct rule by