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,
Provinces of Papua New Guinea Provinces of Papua New Guinea For administrative purposes, Papua New Guinea is divided into administrative divisions called provinces. Provincial governments are branches of the national government – Papua New Guinea is not a federation of provinces. There are 22 provinces, that includes the autonomous region (Bougainville) and the National Capital District. In 2009, the PNG parliament created two additional provinces, that officially came into being on 17 May 2012. They were Hela Province, which was split from Southern Highlands Province, and Jiwaka Province, which was split from Western Highlands Province. Each province forms a provincial electorate, called a constituency, for