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,
Schouten Islands (Papua New Guinea) tried to return from Tidore to New Spain. The group is named after Willem Schouten, who visited the island group in 1616, before visiting and giving the same name to the Schouten Islands off the northwest coast of New Guinea, in what is now Indonesia. Schouten Islands (Papua New Guinea) The Schouten Islands are a group of six small volcanic islands in the province of East Sepik in Papua New Guinea, north of the island of New Guinea. The group is also called "Eastern Schouten Islands" or "Le Maire Islands" to separate it from unrelated Schouten Islands in Indonesia. The