Category Archives: Calendar Events

Bank of PNG launches commemorative currency to commemorates PNG 40th Independence Anniversary and South Pacific Games in Port Moresby

Economic & Social Survey Report Launch and the Announcement of Mobile Micro-insurance in the Highlands with support from the Pacific Financial Inclusion Program will be held at the Gateway Hotel on Monday, 18th of May 2015.

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) is the regional development arm of the United Nations for the Asia-Pacific region. Made up of 53 Member States and 9 Associate Members, with a geographical scope that stretches from Turkey in the west to the Pacific island nation of Kiribati in the east, and from the Russian Federation in the north to New Zealand in the south, the region is home to 4.1 billion people, or two thirds of the world’s population. This makes ESCAP the most comprehensive of the United Nations five regional commissions, and the largest United Nations body serving the Asia-Pacific region with over 600 staff.

Established in 1947 with its headquarters in Bangkok, Thailand, ESCAP works to overcome some of the region’s greatest challenges by providing results oriented projects, technical assistance and capacity building to member States in the following areas:

• Sustainable Development
• Macroeconomic Policy and Development
• Trade and Investment
• Transport
• Social Development
• Environment and Development
• Information and Communications Technology
• Disaster Risk Reduction
• Statistics
• Sub-regional activities for development

The Centre for Excellence in Financial Inclusion (CEFI) is an initiative of the Bank of Papua New Guinea (BPNG) and the Microfinance Expansion Project (MEP).

CEFI will be celebrating its 2nd anniversary on the 15th May coinciding with the workshop on CEFI Progress, Challenges and the Way Forward at Laguna Hotel.

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 assessment of key macroeconomic indicators.

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