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,
People's National Congress (Papua New Guinea) People's National Congress (Papua New Guinea) The People's National Congress is a political party in Papua New Guinea. Its former leader Bill Skate served as Prime Minister from 1997 to 1999 and as speaker of Parliament from 2002 to 2004. Skate died in 2006 and the party is now led by Peter O'Neill. PNC originated from the National Capital District where former leader (late Bill Skate) was the Governor of NCD and the Parliamentary Member. The party had 31 members in the 111-seat National Parliament of Papua New Guinea as of December 2017. The party was founded in 1993. It