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,
Emblem of Papua New Guinea Emblem of Papua New Guinea The national emblem of Papua New Guinea consists of a bird-of-paradise over a traditional spear and a "kundu" drum. Designed by Hal Holman, an Australian artist working for the Papuan government, Holman was also involved in the design of the National flag. Both the emblem and the flag was accepted by the House of Assembly of Papua and New Guinea and signed into law as the "National Identity Ordinance" by the Administrator Sir Leslie Johnson on 24 June 1971. The ordinance came into effect after its publication in the Papua New Guinea Gazette of 1