Bank of PNG donate Genset to Tsak Valley Communities in the Enga Province










The Tsak Valley Communities in the Enga Province were proud recipients of a Genset donated by the Bank of Papua New Guinea.

Bank of Papua New Guinea Governor, Loi Bakani presented the keys of the Genset to the Reformation Ministries and Churches network in Mount Hagen after the Bank held its first Board Meeting for 2015 in the Western Highlands Province.

Governor Bakani made the presentation at the Brian Bell Centre in Mount Hagen to Pastor Dian Warep on behalf of the Bank.

Most times the church’s efforts to provide their programs to the communities were hampered, not only by the location but also the lack of vital resources including electricity in the area. Deputy Governor, Benny Popoitai was invited to officiate in one of their graduation ceremonies last year in which four thousand local men and women graduated from the group’s Financial Inclusion program and discovered the need for a generator to enhance the Group’s efforts to conduct financial inclusion programs.

Governor Bakani when presenting the keys to Pastor Warep said the Bank’s aim is to help communities understand the importance and benefits of financial inclusion. It is a way forward to achieving, all Papua New Guineans to be financially literate. The Bank is assisting institutions, groups and church organizations who are actively driving the message of Financial Inclusion to the people.

Pastor Warep in thanking, the Governor, said partnership with the Bank and the Microfinance Expansion Project has contributed immensely to the people. He said in 2013 the Group signed an MOA with the Bank and so far the church has taken on the ownership to bring change and transformation to the people, with this Generator, the financial inclusion program will continue to be expanded in the area.


Kina exchange rate (MIDRATE)

Last Updated:

USD 0.2840
AUD 0.4402
EUR 0.2891
GBP 0.2524
JPY 41.13
NZD 0.5021
SGD 0.4072

Kina Facility Rate:

    • Oct 2022 3.25%
    • Sep 2022 3.25%
    • Aug 2022 3.25%
    • Jul 2022 3.25%
    • Jun 2022 3.00%
    • May 2022 3.00%
    • Apr 2022 3.00%
    • Mar 2022 3.00%
    • Feb 2022 3.00%
    • Jan 2022 3.00%
    • Dec 2021  3.00%
    • Nov 2021  3.00%
    • Oct 2021  3.00%
    • Sep 2021  3.00%
    • Aug 2021  3.00%
    • Jul 2021  3.00%
    • Jun 2021  3.00%
    • May 2021  3.00%
    • Apr 2021  3.00%