Bank of Papua New Guinea

The Bank of Papua New Guinea is the central monetary authority of Papua New Guinea, charged with managing the national currency—the kina—implementing monetary policy, and ensuring financial system stability. In an economy marked by rapid developmental changes and reliance on natural resources, the bank plays a vital role in regulating liquidity, controlling inflation, and supervising commercial banks to maintain a robust financial environment. Recognizing the importance of digital modernization, the Bank of Papua New Guinea has recently undertaken several initiatives to upgrade its payment infrastructure, enhance cybersecurity protocols, and adopt advanced financial technologies that support efficient and secure transactions. It places great importance on transparency, regularly disseminating detailed economic reports, policy statements, and performance analyses that inform stakeholders and build market confidence. In addition, the bank actively collaborates with international financial institutions and regional partners to implement best practices in financial regulation and risk management. A strong emphasis is also placed on financial inclusion; outreach programs and regulatory reforms are in place to extend access to formal banking services to remote and traditionally underserved communities. Through its balanced approach—integrating time‑tested monetary policy instruments with innovative digital solutions—the Bank of Papua New Guinea continues to underpin the nation’s economic development, ensuring that its financial system is resilient, adaptive, and capable of supporting long‑term sustainable growth in a rapidly changing global environment.