Extension period on the return of paper banknotes

PUBLIC NOTICE

EXTENSION PERIOD ON THE RETURN OF PAPER BANKNOTES

The paper banknotes (K2, K5, K10, K20, K50 and K100) ceased to be legal tender on 301h June 2013. It cannot be used as money anymore.

The Bank of Papua New Guinea (Central Bank) allowed the public from November 2012 till June 2013 to exchange/return the paper banknotes through the banking system.

The bulk of the paper banknotes have been returned, however, there are still some paper notes in the hands of the public especially in remote rural areas of Papua New Guinea. As a special offer the Bank is extending the return period to 31st December 2016.

The Bank advise people from the rural areas to return/exchange the paper banknotes directly to the Bank of Papua New Guinea. The exchange will be at face value subject to the status of the Note. You may also return the paper banknotes by registered mail to:

The Manager
Banking Department
Bank of Papua New Guinea
PO Box 121
PORT MORESBY
National Capital District

Authorised by; Loi M. Bakani, CMG
GOVERNOR