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 > Monetary Policy > Exchange Control

Exchange Control

Authority to administer Exchange Controls under the Central Banking (Foreign Exchange and Gold) Regulation (Regulation) is vested in the Bank of Papua New Guinea, which in turn issues instructions, directions and requirements to the Authorised Dealers for implementation, under Regulation 2(2).

The administrative procedures for implementation of the Regulation are provided in the Foreign Exchange Manual, Summary Foreign Exchange Guidelines, Foreign Exchange Reporting Framework, and Enhanced Due Diligence Guidelines Manual, which are released from time to time by the Bank of Papua New Guinea. The administrative procedures of the manuals cover the instructions, directions and requirements that are issued by the Bank. The Foreign Exchange Reporting Framework provides guidance on the completion of the various types of Balance of Payment (BOP) reporting forms and, where relevant, notes the supporting documents that are required. It is to be used by the Authorised Dealers and public, in conjuction with other manuals, including the Foreign Exchange Notices in the Foreign Exchange Manual.

Exchange Control Notices

Requirements for Authorised Bureau of Currency Exchange Dealers

Foreign Exchange Dealers Licencing Guidelines-Authorised Non-Banks Financial Institutions

Reporting Framework

Manuals

Summary Guidelines

Enhanced Due Diligence

Requirements for Exporting Gold

1. Requirements for Gold Export License

2. Checklist

  • GL-Form 1
  • GL-Form 2
  • GL-Form 3

3. Operational Requirements for Gold Export License

Licensed Gold Exporters

Legislation

Foreign Exchange Directives

Foreign Exchange Operations

 

Monetary Policy

About Monetary Policy

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Implementation

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Formulation

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Bi-Annual Monetary Policy Statements

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