The Bank of Papua New Guinea (Tok Pisin: Beng bilong Papua Niugini) is the central bank of Papua New Guinea, which has a core mandate to ensure price stability and maintain macroeconomic growth. To achieve this, it discharges four main functions; 1. responsible for the formulation and implementation of monetary policy, 2. ensure financial system development and stability, 3. ensure the payment system remain efficient, and 4. provide a banking role to the Government. It also manages the country's foreign reserves, issue the country's currency, manages the gold and foreign exchange of Papua New Guinea.
The Bank of Papua New Guinea is the only institution that is permitted to issue the Papua New Guinean kina, which has been the case since early 1975.
Ms Elizabeth Genia is the current acting Governor of the Bank.[2]
^ abWeidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
^"Bank Board Members | Bank of Papua New Guinea (PNG) Port Moresby, Papua New Guinea". www.bankpng.gov.pg. Retrieved 2016-09-21.
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