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,
Marienburg, Papua New Guinea Marienburg, Papua New Guinea A town located near the mouth of the Sepik River in the East Sepik province of Papua New Guinea. In 1913, in what was then German New Guinea, missionaries of the Catholic Society of the Divine Word established at settlement here. It was the first European settlement on the Sepik. The settlement's main industry was milling timber floated downriver and, to aid this, one of the first railways in the country was built to transport timber from the river to the sawmill. It was drawn by buffalo. The town was occupied during the Japanese invasion of