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,
Administrative divisions of Papua New Guinea Administrative divisions of Papua New Guinea For administrative purposes, Papua New Guinea (PNG) is divided into administrative divisions called regions and provinces. Papua New Guinea is divided into four regions and 22 province-level divisions: 20 provinces plus the autonomous region (Bougainville) and the National Capital District. Each province is divided into one or more districts, which in turn are divided into one or more local level government areas (LLGs). PNG is divided into four regions. While not official administrative divisions for most purposes, regions are quite significant in daily life. People generally identify strongly with their region, and inter-region rivalries