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,
China–Papua New Guinea relations China–Papua New Guinea relations The Independent State of Papua New Guinea and China (PRC) established official diplomatic relations in 1976, soon after Papua New Guinea became independent. The two countries currently maintain diplomatic, economic and, to a lesser degree, military relations. Relations are cordial; China is a significant provider of both investments and development aid to Papua New Guinea. The current Ambassador of Papua New Guinea in China is Max Rai. The current Ambassador of China in Papua New Guinea is Wei Ruixing. Oceania is, to the People's Republic of China and the Republic of China (Taiwan), a stage for