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,
Law of Papua New Guinea he had formerly presided with respect to a capital case which was then "sub judice". The newspaper was smartly reminded by the court that such challenge was likely to result in severe sanctions, and Sir Arnold withdrew. Weisbrot, D., Paliwala, A. and Sawyerr, A. "Law and Social Change in Papua New Guinea" (Sydney, 1982) Law of Papua New Guinea The law of Papua New Guinea consists of the Constitution, ordinary statutes enacted by Parliament or adopted at Independence from overseas (together with their pendant regulations) and judge-made law. The Constitution is "autochthonous" (a constitutional term of art also used in