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,
Geography of Papua New Guinea independent from Australia in 1975 will be gone by 2021. Geography of Papua New Guinea The geography of Papua New Guinea describes the eastern half of the island of New Guinea, the islands of New Ireland, New Britain and Bougainville, and smaller nearby islands. Together these make up the nation of Papua New Guinea in tropical Oceania, located in the western edge of the Pacific Ocean. Papua New Guinea is largely mountainous, and much of it is covered with tropical rainforest. The New Guinea Highlands runs the length of New Guinea, and the highest areas receive snowfall - a rarity