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BPNG raises policy rate to 5.0%, eases bank reserve rule to steady kina and growth
08 Sep 2025 03:58 GMT
The Bank of Papua New Guinea (BPNG) has raised its … move designed to strengthen the kina, manage inflation, and keep … inflationary pressure caused by the kina’s gradual depreciation under … the kina’s crawl-like arrangement, noting that the currency had …
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Forex rationing the biggest issue
02 Sep 2025 03:54 GMT
BUSINESSES in the past 10 years have singled out foreign exchange (FX) rationing as the biggest issue they faced in Papua New Guinea, according to Professor Steven Howes.
Howes, the director of the Development Policy Centre at the Australia National …
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BPNG, Marape Launch Commemorative Currency, Announce Sir Julius Chan K100 Note for 2026
01 Sep 2025 10:30 GMT
… and Bank of Papua New Guinea (BPNG) Governor Elizabeth … the families of Papua New Guinea’s founding statesmen. … builder who placed Papua New Guinea in the world,” … currency quickly growing among farmers, smallholders and businesses.
“The names themselves, kina …
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Kina Securities announces strong first-half performance
28 Aug 2025 00:12 GMT
… PGK costs due to foreign currency denominated expenses. In line … of 63 per cent.
Kina Bank chief executive officer and … to the evolving dynamics of Papua New Guinea’s banking market.
Consistent … for your continued trust in Kina Securities Limited,” he said. …
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Analysts say drop in Kina value not as bad as expected
21 Aug 2025 03:57 GMT
… of the Kina is set by the Bank of Papua New Guinea (BPNG) in … PNG to tie the Kina to this one currency.
“In fact, from … 1977 till PNG floated the currency in … 1994, the Kina was pegged against …
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NMCA investigates serious breach in hospital’s procuring and financial laws
09 Sep 2025 17:58 GMT
… access to health services across Papua New Guinea,” he said.
He … magnitude, involving billions of Kina and foreign loans, to … systems. The people of Papua New Guinea deserve both world-class … , and exposure to foreign currency risks;
Governance and oversight …
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Guide needed for exports
09 Sep 2025 07:18 GMT
… of inflation over time.
For Papua New Guinea (PNG), it is heavily … sectors.
Receipts in foreign currency from raw product exports is … much of the foreign currency earned from sales by … excess import demand forces the Kina exchange rate to depreciate, …
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Is Papua New Guinea’s forex crisis finally drawing to an end?
03 Jun 2025 23:45 GMT
… in forex backlogs. Credit: BAI
In welcome news for Papua New Guinea’s … of the Bank of Papua New Guinea’s March Monetary Policy … re converting their foreign currency into kina to pay their … second half, Bank of Papua New Guinea [BPNG] intervention will again …
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Finance sector forms a digital vanguard in Papua New Guinea
30 May 2025 03:11 GMT
… transformation,” observed the Bank of Papua New Guinea’s Governor, Elizabeth Genia, … into a central bank digital currency for PNG.
“The big …
While a blockchain-enabled currency is just a concept … ’s second-largest bank, Kina Bank, is also investing heavily …
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Papua New Guinea Marks 50 Years of Financial Strength with New Banknote Release
28 Apr 2025 12:07 GMT
… Bank of Papua New Guinea (BPNG) launched a newly designed 50 kina banknote and … of the launch, the 50 kina note will be produced by … strong ties between Papua New Guinea and Australia, particularly in currency production and financial …