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,
Foreign relations of Papua New Guinea Foreign relations of Papua New Guinea Papua New Guinea's foreign policy reflects close ties with Australia and other traditional allies and cooperative relations with neighboring countries. Its views on international political and economic issues are generally moderate. Papua New Guinea has diplomatic relations with 56 countries. Papua New Guinea belongs to a variety of regional organizations, including the Asia-Pacific Economic Cooperation (APEC) forum; the ASEAN Regional Forum (ARF) (Papua New Guinea is an observer member of the ASEAN); the South Pacific Commission; the Pacific Islands Forum; the Melanesian Spearhead Group and the South Pacific Regional Environmental Program (SPREP). Papua New