Speech by Mr. David Toua, OBE, Chairman of the Board, Bank of Papua New Guinea, at the 2024 Business Advantage Papua New Guinea Investment Conference and Expo | Governor Genia's speech to the Lae Business Community | Speech on the Opening of the National Stakeholder Consultation on Expanding Superannuation and Insurance Coverage to MSMEs and Self-employed Workers in PNG| More choice in banking as BPNG grants two new Banking Licenses | March 2024 Monetary Policy Statement issued by the Board of Bank of Papua New Guinea |Press Release on Alternatives to Private Sector Cheques Given Thumbs Up |Media Release: Response to Letter circulating in Social Media referring alleged AML Offences |Joint Press Communiqué 59th SEACEN Governors’ Conference and the 43rd Meeting of the SEACEN Board of Governors|Monetary Policy Statement September 2023 Issued by the Board of the Bank of Papua New Guinea and delivered to the Minister for Treasury by the Acting Governor, Ms Elizabeth Genia|Public Notice - Customer Complaints Help Desk Core Banking System |Private Sector Cheques to be Discontinued by 31st December 2023 |Acting Governor, Ms Elizabeth Genia, AAICD, releases the March 2023 Monetary Policy Statement.|Ms Elizabeth Genia, Acting Governor of the Bank of Papua New Guinea (Bank of PNG or the Bank), today released the June 2022 Quarterly Economic Bulletin (QEB). |Opening and Operating Foreign Currency Accounts outside of PNG without prior approval of the Bank of Papua New Guinea | List of reporting entities (REs) registered with Financial Analysis and Supervision Unit (FASU)

Bank of Papua New Guinea (PNG) Port Moresby, Papua New Guinea > Governor Mr. Loi M. Bakani’s Press Releases on Kina Automated Transfer System (KATS) and Global Money Week

Governor Mr. Loi M. Bakani’s Press Releases on Kina Automated Transfer System (KATS) and Global Money Week

The Bank of Papua New Guinea and all commercial banks commenced using Real Time Gross Settlement System, a component of Kina Automated Transfer System (KATS), to improve interbank financial payments for their customers. This means all high value financial payments conducted between the banks are now done instantaneously or in real time.

The Governor also announces the press release on Global Money Week in partnership with commercial banks and financial institutions to empower the young generation to be confident, responsible and skilled economic citizens.

Press Release – Kina Automated Transfer System

Press Release – Global Money Week

Kina exchange rate (MIDRATE)

Last Updated:
Released:05/09/2024

USD 0.2564

AUD 0.3814

EUR 0.2314

GBP 0.195

JPY 36.77

NZD 0.4133

SGD 0.3339

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Kina Facility Rate:

Aug 2024 3.00%
Jul 2024 2.50%
Jun 2024 2.50%
May 2024 2.50%
Apr 2024 2.00%
Mar 2024 2.00%
Feb 2024 2.00%
Jan 2024 2.50%
Dec 2023 2.50%
Nov 2023 2.50%
Oct 2023 3.00%
Sep 2023 3.00%
Aug 2023 3.50%
Jul 2023 3.50%