The Central Banking Act 2000, was passed by Parliament, on 26 April 2000 to amend and consolidate the law constituting and relating to the Bank of Papua New Guinea as the central bank, and to repeal the Central Banking Act (Chapter 138) and to amend various Acts and for related purposes.
The purpose of the Central Banking Act 2000 is to:
- amend and consolidate the laws establishing the Bank of Papua New Guinea as the central Bank, and to define its objectives and functions;
- confer upon the Bank of Papua New Guinea certain functions and powers including formulation and implementation of monetary policies and regulation of the financial system;
- make provision for and regulate Papua New Guinea currency; and
- make provisions in respect of foreign exchange and international reserves
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Legislation 
