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,
History of Papua New Guinea chain of earthquakes hit Papua New Guinea, causing various damages. Various nations from Oceania, Australia, the Philippines, and Timor-Leste immediately sent aid to the country. History of Papua New Guinea The prehistory of Papua New Guinea can be traced to about 60,000 years ago, when people first migrated towards the Australian continent. The written history began when European navigators first sighted New Guinea in the early part of the 16th century. Archaeological evidence indicates that humans arrived on New Guinea perhaps 60,000 years ago, although this is under debate. They came probably by sea from Southeast Asia during an Ice