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,
Papua New Guinea tensions. In September 2017, Papua New Guinea rejected the West Papuan Independence Petition in the United Nations General Assembly, to the pleasure of Indonesia. From March to April 2018, a chain of earthquakes hit Papua New Guinea, causing various damage. Various nations from Oceania, Australia, the Philippines and Timor-Leste immediately sent aid to the country. Papua New Guinea is a Commonwealth realm. Queen Elizabeth II is its sovereign and head of state. The constitutional convention, which prepared the draft constitution, and Australia, the outgoing metropolitan power, had thought that Papua New Guinea would not remain a monarchy. The founders, however,