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,
Marienburg, Papua New Guinea Papua New Guinea in 1942. Bombing and subsequent re-occupation of the town by Allied forces led to the destruction of the sawmill, houses and church constructed there. These were rebuilt and, by the 1960s the area had a thriving milling business again. Shortly before independence in 1975, labour disputes led to the mismanagement and decline of the business and ultimately all industry ceased there. Marienburg, Papua New Guinea A town located near the mouth of the Sepik River in the East Sepik province of Papua New Guinea. In 1913, in what was then German New Guinea, missionaries of the Catholic