Papua New Guinea largest towns are also located, including Port Moresby (capital) and Lae; other major islands within Papua New Guinea include New Ireland, New Britain, Manus and Bougainville. Papua New Guinea is one of the few regions close to the equator that experience snowfall, which occurs in the most elevated parts of the mainland. The border between Papua New Guinea and Indonesia was confirmed by treaty with Australia before independence in 1974. Maritime boundaries with Australia were confirmed by a treaty in 1978. Papua New Guinea is part of the Australasia ecozone, which also includes Australia, New Zealand, eastern Indonesia, and several
Bank of Papua New Guinea the unusual step of placing an advertisement in a newspaper, explaining that Carruthers had been fired as a result of misappropriation of money belonging to the bank. Carruthers was also director of Transparency International in PNG. 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