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,
Arawa, Papua New Guinea Arawa, Papua New Guinea Arawa was the capital and largest town in the Autonomous Region of Bougainville in Papua New Guinea. It was largely destroyed during the Bougainville Civil War, resulting in the relocation of the capital to Buka, though there are plans to rebuild Arawa and make it the capital again. The land where Arawa is now situated was previously a large expatriate plantation. When Bougainville Copper Ltd needed a civic headquarters for dealing with the local and national government instrumentalities, Arawa Plantation was an obvious candidate. It was in close proximity to Kieta, the historic district headquarters whose