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 divides the island of New Guinea. Across the 820 km (509 mi) border, the western half of New Guinea is officially known as Papua province, governed by Indonesia. Papua New Guinea's border with Indonesia is not straight; the border loops slightly to the west in the south-central part of New Guinea. Papua New Guinea's Western Province contains that loop. There are maritime borders with Australia to the south and Solomon Islands to the southeast. Papua New Guinea has a total area of 462 840 km², of which 452 860 km² is land and 9 980 km² is water. Its coastline