Governor of the Bank of Papua New Guinea Mr. Loi M. Bakani authorized monthly announcement of Kina Facility Rate (KFR) on every first Monday of the each month of the year. The announcement on the KFR is to advise public based on the Bank of Papua New Guinea’s on the assessment of key macroeconomic indicators.
The Bank of Papua New Guinea will launch a Commemorative Coins to commemorate the Pacific Games.
In November 2013 the Bank celebrated 40th Anniversary of its establishment. In commemoration of the event the Bank issued 10.0 million pieces in K2, and 3.0 million pieces in K100 banknotes respectively.
As part of the 40th Anniversary celebrations, the Bank also issued the 40th Anniversary postage stamps depicting the images of the former Governors of the Bank of Papua New Guinea.
Every six months, the Governor of the Bank of Papua New Guinea issue a policy statement setting out the monetary policy of the Central Bank to achieve and maintain price stability for the following six months. Central Banking Act (CBA) 2000, Section 11, Sub-section 1
BANK OF PAPUA NEW GUINEA KINA FACILITY RATE (KFR) FOR THE MONTH OF FEBRUARY 2015
The Governor of the Bank of Papua New Guinea Mr. Loi M. Bakani authorized monthly announcement of Kina Facility Rate (KFR) on every first Monday of the each month of the year. The announcement on the KFR is to advise public based Bank of Papua New Guinea’s on the assessment of key macroeconomic indicators.
