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,
Papua New Guinea Independence Medal Papua New Guinea Independence Medal The Papua New Guinea Independence Medal was created in 1975 to commemorate the transition from self-government to the full independence of Papua New Guinea. It is a part of the Papua New Guinea honours system. The Government of Papua New Guinea awarded the Papua New Guinea Independence Medal to members of the Papua New Guinea Defence Force, who had served between 1 December 1973 and 16 September 1975. Civilian recipients were honoured for outstanding service during the same period of time. Military personnel and civilians from Commonwealth realms such as Australia and the New Zealand