Bank of Papua New Guinea

Bank of Papua New Guinea is Papua New Guinea's central bank. It sets monetary policy, issues the PGK, and supports financial system stability.

It oversees payment systems, manages foreign reserves, and acts as lender of last resort to the banking system.

Related Terms

A central bank is a country's monetary authority responsible for issuing currency, setting monetary ...

Papua New Guinean Kina

PGK is the official currency of Papua New Guinea. It is issued by the Bank of Papua New Guinea and i...

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