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,
Governor-General of Papua New Guinea Governor-General of Papua New Guinea The Governor-General of Papua New Guinea is the representative of Papua New Guinean monarch, known in Tok Pisin as 'Missis Kwin'. As in Australia, the vice-regal officer's title is spelled with a hyphen. Unlike other Commonwealth realms, the Governor-General of Papua New Guinea is nominated by the country's Parliament, rather than being proposed by its Prime Minister (as is the convention in the other Commonwealth Realms). The appointment is made by the head of state of Papua New Guinea, currently Queen Elizabeth II, following a simple majority vote of the National Parliament. For a second