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Bank of png website +675 321 2999 Bank of Papua New Guinea 1. PACIFIC CREDIT UNION TECHNICAL CONGRESS 2014 6th NOVEMBER 2014 Bank of America (BofA) Logo in . When conducting monetary policy, the Bank of PNG’s main aim is affect monetary and financial conditions. Central Bank Bills (CBBs) is an indirect monetary policy tool used by the Bank of PNG (or Central Bank) to implement monetary policy through its Open Market Operations. Here are our 5 takeaways from BPNG’s latest MPS: Non-mineral sector continues to drive growth this year; Bank of Papua New Guinea | 5,457 followers on LinkedIn. The Quarterly Economic Bulletin is a publication issued quarterly by the Bank of Papua New Guinea. To achieve this, it discharges four main functions; 1. Each issue of the Bulletin contains a commentary, a review of economic As a contemporary central bank, our Vision is to excel in performing the core functions and to make a distinct and valuable contribution to the economic well-being of Papua New Guinea. Minimize the fees you pay at branch banking. Innovation is tested through the Financial Development and Innovation Group. Prime Minister Marape emphasized the government's trust in the capabilities of Papua New Guinea's women, stating, "This signifies the confidence that my government places in the women of Papua New Guinea. (NPAT) declined by 18%, due largely to a K209m negative impact on NPAT from the increase in the Papua New Guinea company income tax View Report Latest News. The Independent Advisory Group (IAG) is chaired by Robert Igara, Chancellor of UPNG and formerly Chief Secretary to the Government of Papua New Guinea when the Central Banking Act was introduced in 2000. Minimum amount: K5,000. Reflecting on the previous March The Bank of Papua New Guinea was originally a branch of the Reserve Bank of Australia (RBA) in what was then the Territory of Papua and New Guinea. Email. This is strengthened further by the National Payments System (NPS) Act 2013 which Launchpad navigation. As part of the Registry services, the Bank monitors and records movements in holdings of As part of the ongoing efforts by the Bank of Papua New Guinea (“the Central Bank”) to inform the general public of the authorized financial institutions, the Central Bank hereby provides an update as at 30 August 2024. For details visit any BOP Branch or Click Here; Pakistan Banao Certificates (PBCs)- Click the PBC Web Portal Link for details/applying The Government of PNG has appointed Elizabeth Genia as new acting Governor for the Bank of Papua New Guinea. Flaticon, the largest database of free icons. The Bank of Papua New Guinea is the custodian of the monetary and financial system in Papua New Guinea, and the Government’s bank. CEFI’s mission is to increase financial inclusion in PNG by promoting financial education, supporting the development of financial products and services, and advocating for policies that enable Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. , Member FDIC and a wholly owned subsidiary of Bank of America Corporation. Leave a Reply · The Bank of Papua New Guinea's 50th anniversary is a testament to its enduring commitment to fostering an inclusive financial sector in the country, a commitment that was formalized in the Maya Declaration in 2013. BSP is constantly seeking new and innovative improvements to banking, and has created new Premium Banking The Bank of Papua New Guinea (The Bank) introduced the Kina Facility Rate (KFR) in February 2001, as an official rate to indicate its stance of monetary policy. as Best Sustainable Bank for the fifth consecutive year, the Bank with the Biggest ESG Read more. gov. Changes to the KFR are based on assessment of economic fundamentals in the economy. Your deposits are now protected under State Bank’s Deposit Protection Scheme. Small Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. PACIFIC CREDIT UNION TECHNICAL CONGRESS 2014 6th NOVEMBER 2014 Vector icons in SVG, PSD, PNG, EPS and ICON FONT Download over 199,286 icons of bank in SVG, PSD, PNG, EPS format or as webfonts. The Bank strongly advises the public against depositing their hard-earned money in fast money schemes Currency Papua New Guinea's national currency is the Kina. PACIFIC CREDIT UNION TECHNICAL CONGRESS 2014 6th NOVEMBER 2014 Launchpad navigation. The National Broadcasting Corporation (NBC) is Papua New Guinea's national public broadcaster. View more BSP brings cutting-edge ATM services to customers across the Pacific Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia recently outlined the September 2024 Monetary Policy Statement, amid the ongoing economic challenges and the central bank's strategies to stabilize the nation's economy. The KFR is a monthly rate and any changes to it should translate to market interest rates. January 11, 2025. Our focus is on ensuring price The Bank of Papua New Guinea (Tok Pisin: Beng bilong Papua Niugini) is the central bank of Papua New Guinea, which has a core mandate to ensure price stability and maintain macroeconomic growth. K92 MINING REPORTS RECORD BREAKING RESULTS FOR 2024. Treasurer Ian Ling-Stuckey said Genia has nearly four decades of experience working in PNG’s Central Bank and is The Bank of Papua New Guinea is committed in ensuring that it is safe and functioning efficiently. Emmanuel MAIPE. Break free from the crowds. Articles of special interest to current economic The Bank of Papua New Guinea invites expression of interest from suitably qualified and experienced individuals for the following position. PNG Images Backgrounds Templates PowerPoint Text Effect Illustration 3D Fonts Videos POD The National Executive Council have picked former heads of Bank South Pacific [BSP] and Australia New Zealand [ANZ] Banks to be members of the country’s Central Bank board. THE Bank of Papua New Guinea is issuing an urgent warning to the public regarding an investment promotion currently being advertised and circulating on social media offering an unrealistically high return of 400% over a 20-month time period. Views expressed in these papers are those of the authors and do not necessarily Note: Rates Change Weekly. The Bank of Papua New Guinea is constantly exploring ways to create greater financial inclusion and access to services for PNG businesses and citizens. Bank South Pacific purchased the State Owned - Papua New Guinea Banking Corporation (PNGBC - formerly CBA PNG) in 2001 creating the largest Bank in PNG. Is the Bank of PNG the same as commercial banks like BSP, Westpac, or ANZ? No. In line with Section 55 of the Bank of Ghana Act 2002, Act 612 (as amended), and the need to promote Transparency and Accountability aspects of the Bank’s Inflation Targeting framework, the Bank of Ghana has developed a Statistical Database of macroeconomic and financial data for easy access by the general public, policy makers, research institutions. This is where all records and details relating to investors and Government Securities are kept and maintained. ensu The Quarterly Economic Bulletin is a publication issued quarterly by the Bank of Papua New Guinea. 6% Total Sales revenue – 4. PACIFIC CREDIT UNION TECHNICAL CONGRESS 2014 6th NOVEMBER 2014 Governor of the Bank of Papua New Guinea Ms. This event, held at the BPNG headquarters in Port Moresby, is the first time two banking licenses have been granted on the same day, signaling BSP was awarded the prestigious "Financial Inclusion and Deepening Award" at the Financial Inclusion Policy Forum and Excellence Awards Night, held on Friday, 22nd November 2024, by the Bank of Papua New Guinea (BPNG) and the Centre for Excellence in Financial Inclusion (CEFI). Monetary Policy is the process by which the Bank of PNG controls the supply of money in the economy, often targeting a rate of interest with the aim of achieving and/or maintaining price stability and promoting Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. SVG) The Bank of Papua New Guinea oversees the Foreign Exchange Market Operations, Foreign Reserve Managemen t, Domestic Money Market Operations and Development, implements monetary policy via the Open Market Operations, Act as an Agent to the Government, and provides Registry and Custody services to the Government of Papua New Guinea. Our History The Bank of Papua New Guinea is an independent central bank which was first established prior to Papua New Guinea's independence on 1 November 1973. To achieve this, it discharges four main functions; 1. The Bank of PNG is the central bank and does not offer personal banking services. Innovation at BPNG The Bank of Papua New Guinea explores innovative approaches to financial systems through its Financial Development and Innovation Group. 00 and the maximum amount is limited by the available stock. In 1971, the Select Committee on Constitutional Development established a Committee on Banking, which recommended a blueprint for the establishment of an independent banking system framework. ensure financial system development It was established in 2016 by the Bank of Papua New Guinea, the country’s central bank, in partnership with the Australian Government’s Department of Foreign Affairs and Trade. For further enquiries contact jobs@bankpng. ensure financial system development Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. The significance of this milestone traces back to the institution's establishment on November 1, 1973, when it began operations as the central bank of Papua New Guinea, under the Central Banking Act 2000. ; FATF and International Engagement PNG works with the international Financial Action Taskforce, or FATF, to strengthen PNG's ability to combat money laundering and terrorism financing. Add a review. Central Banking Act 2000 (as amended 2024) The Central Banking Act 2000 (as amended) establishes the governance and objectives of the Bank of Papua New Guinea. Articles of special interest to current economic policy are also featured in some of the The Bank of Papua New Guinea (BPNG) is steering the country's economy towards a significant transformation over the next 20 years as part of its Vision 2050 initiative. Required fields are marked * Your Rating . PACIFIC CREDIT UNION TECHNICAL CONGRESS 2014 6th NOVEMBER 2014 Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. The Regulatory Sandbox is a pathway to test new and innovative technologies, typically in partnership with a licensed financial institution. The Bank of PNG acts as an Agent to the Government of Papua New Guinea, through which the Bank provides Registry and Custodian Services. The Bank Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. A. PDF, . Specifically, this means to influence the supply of money or price of money; that is, the interest rate. We are pleased to announce that the Bank of Papua New Guinea (BPNG) has joined the Sustainable Banking and Finance Network (SBFN) as a new member. Read more BSP Priority. CDR, . 3. Are you searching for Bank png hd images or vector? Choose from 68000+ Bank graphic resources and download in the form of PNG, EPS, AI or PSD. According to the BPNG’s Quarterly Business Liaison survey data, Total Employment increased - 2. PACIFIC CREDIT UNION TECHNICAL CONGRESS 2014 6th NOVEMBER 2014 Address: Corner of Douglas & Cuthbertson Street, ToRobert Haus, Section 4, Allotment 5/6, Port Moresby Telephone: +675 322 7200 Fax: +675 321 1617 The Quarterly Economic Bulletin is a quarterly publication from the Bank of Papua New Guinea that provides updates on key statistics relating to the health and activity of our economy. Your Message. Each issue contains a commentary, a review of economic conditions for the past quarter and a comprehensive set of updated statistical tables. The current members of the Bank of PNG Board are: The Board of the Bank of Papua New Guinea is tasked with the powers, duties and functions set out in the Central Banking Act 2000. The Bank is responsible for overseeing and regulating financial markets and institutions to ensure stability, protect consumers from bad actors and to promote The Bank of PNG is the Regulator of Foreign Exchange Market Operations and manages the country’s Foreign Reserves. 00am to 2. SEACEN-BIS High Level Seminar and 14th EACEN Executive Committee(EXCO) Meeting Speech by Governor Bakani CMG at the Launch of the BSP Life (PNG) Life Insurance Product Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. In addition, the Bank uses other type of Cookies, namely Analytic Cookies and Advertising Cookies, where disabling these Cookies may cause you PFIC Plenary Opening Speech by Benny B M Popoitai, MBE, Acting Governor- Bank of Papua New Guinea. August 5th marked a historic moment for Papua New Guinea's financial sector as the Bank of Papua New Guinea (BPNG) issued commercial banking licenses to TISA Bank Limited and Credit Bank PNG Limited. CC. The Bank of Papua New Guinea (BPNG), a corporate organization formed in 2008, celebrated its 50th anniversary on Friday 3rd of November,2023. AI, . Trading Times: Monday – Friday – 10. Postal Address: PO Box 121 Port Moresby, NCD +675 322 7200. The Bank of Papua New Guinea, the country’s central bank, is undergoing notable changes. The Bank of Papua New Guinea’s Regulatory Sandbox was established in 2021 to drive financial inclusion and the adoption of innovative technologies to better serve the citizens of Papua New Guinea. The Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia addressed recent significant legislative changes to the Central Banking Act during the recent September 2024 Monetary Policy Statement presentation at Our History The Bank of Papua New Guinea is an independent central bank which was first established prior to Papua New Guinea's independence on 1 November 1973. We will act at all times to promote macro-economic stability, provide a first-class payment system, issuing of the national currency and help to foster the economic growth of our country. ; Sandbox The Bank's Sandbox provides a testbed for financial technology to explore innovative solutions to financial inclusion challenges. The Bank of China established its presence in the country last year with the launching in Port Moresby. Investments; GESI Gender Equality and Social Inclusion is integral to our work at the Bank. It is hoped that this would encourage discussion and comments on issues of importance. 6% This outcome asserts economic Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. pg. It's independence was enshrined in legislation with the introduction of the Central Banking Act 2000. Address: Corner of Douglas & Cuthbertson Street, ToRobert Haus, Section 4, Allotment 5/6, Port Moresby Telephone: +675 322 7200 Fax: +675 321 1617 Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. David Toua, OBE, Chairman of the Board, Bank of Papua New Guinea, at the 2024 Business Advantage Papua New Guinea Investment Conference and Expo . On radio, television and online, we strive to engage the entire Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. Ms. Elizabeth Genia, Acting Governor of the Bank of PNG, said: "I would like to thank the POMCCI for inviting the Bank of Papua New Guinea to present the The Bank of PNG Board issued the September 2024 Monetary Policy Statement| Governor Elizabeth Genia's Breakfirst Presentation Speech - September 2024 Monetary Policy Statement | Speech by Mr. responsible for the formulation and implementation of monetary policy, 2. ensure financial system development and stability, 3. David Toua, OBE, Chairman of the Board, Bank of Papua New Guinea, at the 2024 Business Advantage Papua New Guinea Investment Conference and Expo This is provided as per the Bank of Papua New Guinea Tap Securities Terms - Conditions. The Bank of Papua New Guinea, in furtherance of its responsibilities for the regulation and supervision of its regulated financial institutions under the various acts it administers, co-leads PNG's work to stop these threats and administer the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Act through its financial intelligence unit, the Financial Analysis and What is the primary role of the Bank of PNG? The primary role of the Bank of PNG is to issue currency, act as banker and financial agent to the government, and regulate financial services. Domestic Markets Department. Job Vacancies. Free for commercial use High Quality Images Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. To aid these, the Bank monitors and assesses the developments in the global economy, financial market conditions, and Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. PNG (raster) and vector format (. Browse. Recent State of the Macroeconomy - Economic Activity The economic activity picked up in the first quarter of 2024 compared to last year’s period. AML/CTF; Publications Publications by the Bank of Papua New Guinea. Each Monetary Policy Statement must contain details of decisions, directions and actions taken, a report on the meeting of the Monetary Policy Committee held prior to the In 1995 a consortium of Papua New Guinea businesses acquired the bank creating the first and only PNG private sector owned bank. PM COMMENDS EXXONMOBIL COMMITMENTS TO PNG. The Central Banking Act 2000, states that one of the primary objectives of the Bank is to “promote an efficient national and international payments system”. " The Board of Bank of Papua New Guinea is established under Section 25 of the Central Banking Act 2000 as amended in 2021. Your email address will not be published. We celebrated its 50th Anniversary in 2023. PACIFIC CREDIT UNION TECHNICAL CONGRESS 2014 6th NOVEMBER 2014 The Bank of Papua New Guinea Working Paper (BPNGWP) series is intended to provide the results of research undertaken within the Bank (BPNG) to its staff, interested institutions and the general public. A copy of the Term - Conditions can be obtained at ToRobert Haus, Corner of Douglas Street, Section 25 Allotment 1, Port Moresby or at the website of the Bank of Papua New Guinea. We are a leader in financial services BPI is Mr Rosso said that as long as the Bank of China or any other international bank complies with PNG’s banking regulations, they should be allowed to operate, thereby, facilitating ease of business and economic growth in the country. Each issue of the Bulletin contains a commentary, a review of economic conditions for the past quarter and a comprehensive set of updated statistical tables. Central Bank securities include Central Bank Bills (CBBs), sold through an auction, Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. It allows companies to partner with BPNG to assess The Central Banking Act (as amended 2024) sets one of the three secondary objectives of the Bank to "ensure financial stability" for the advancement of the people of Papua New Guinea. Other acquisitions followed: Habib Bank in Fiji in 2006 The Bank uses Strictly Necessary Cookies in order that you can access information and use the Bank's website safely, and uses Functional Cookies to facilitate you when you revisit the website. January 14, 2025. Find & Download Free Graphic Resources for Bank Png Vectors, Stock Photos & PSD files. BPNG has embarked on a journey to establish an Bank of Papua New Guinea (BPNG) Bank South Pacific business news. Leave a Reply · Cancel reply. Ways to Bank. It's The Bank of Papua New Guinea, through its Vision 2050 and accompanying Strategy, is working to provide economic opportunities for all Papua New Guineans by creating a supportive and BANK OF PAPUA NEW GUINEA ; 3227200 ; Douglas St, PT MORESBY; PO Box 121 Port Moresby Port Moresby ; PT MORESBY ; No comments yet. It sets out the roles and functions of the Board, the Governor and the Deputy Governor(s), defines key committees including the Monetary Policy Committee, and sets out its obligations in reporting to Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. SEACEN-BIS High Level Seminar and 14th EACEN Executive Committee(EXCO) Meeting Speech by Governor Bakani CMG at the Launch of the BSP Life (PNG) Life Insurance Product The Bank of PNG Board issued the September 2024 Monetary Policy Statement| Governor Elizabeth Genia's Breakfirst Presentation Speech - September 2024 Monetary Policy Statement | Speech by Mr. The following position is vacant and interested applicants are invited to apply in writing to the Manager, HR Department. NBC. Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. Elizabeth Genia, who is also chair of CEFI’s Board, in her opening keynote address at the forum stated that the inaugural financial inclusion policy forum marked a significant step in the country’s journey towards building an inclusive, resilient and equitable financial system for all Papua New Introduction. There are three key responsibilities of the Board: Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. Launchpad navigation. We are rightly proud to be led by PNG's first female Governor, and we actively support the development of female talent among Photo: Credit Guarantee Corporation The Bank of Papua New Guinea has launched the Credit Guarantee Corporation to help sustain and increase the growth of the Small to medium enterprise (SME) sector. One of the monetary policy tools the Bank of PNG (Bank) uses to implement monetary policy is Open Market Operations (OMO) and this is done in the Financial Markets where Central Bank and Government Securities are traded or issued to support the Bank’s stance of policy. The Bank of PNG released its September Monetary Policy Statement (MPS) on the 7th October, setting out BPNG’s monetary policy stance for the next 6 months based on its analysis of the PNG economy. Bank of China (Hong Kong) is a leading listed commercial banking As the largest bank in Papua New Guinea and a leader in the South Pacific with branches in the Solomon Islands, and Fiji, we understand what's important to be successful in the region. Name. Established on 1 October 2001, Bank of China (Hong Kong) Limited (referred to as Bank of China (Hong Kong) or BOCHK) is a locally incorporated licensed bank. Acting Governor Elizabeth Genia emphasized this during the recent launch of Vision 2050, which aligns with the bank’s 50th anniversary. The presentation took place on October 7th at the Royal Papua Yacht Club in Port Moresby. Its Chairman, David Toua, comments on what’s behind the changes, the challenges faced by the bank and the road ahead for The Bank of Papua New Guinea (Tok Pisin: Beng bilong Papua Niugini) is the central bank of Papua New Guinea, which has a core mandate to ensure price stability and maintain macroeconomic growth. Key information for BANK OF PAPUA NEW GUINEA. Website; Facebook; LinkedIn; Related Posts. SWIFT Code BPNGPGPM; Bank BANK OF PAPUA NEW GUINEA; Address TOROBERT HAUS LOT 1 CORNER OF DOUGLAS STREET SECTION 25, PORT MORESBY; Save on international fees by using Wise. Hagen, 15th July 2016. Application a) This prudential standard applies to banks and other licensed financial institutions BANK OF PAPUA NEW GUINEA ; 3227200 ; Douglas St, PT MORESBY; PO Box 121 Port Moresby Port Moresby ; PT MORESBY ; No comments yet. Bank of America Private Bank is a division of Bank of America, N. BPI named Best Bank in the country, wins big at FinanceAsia Awards. Visit the Newsroom. The Bank of Papua New Guinea (Tok Pisin: Beng bilong Papua Niugini) is the central bank of Papua New Guinea, which has a core mandate to ensure price stability and maintain macroeconomic growth. 00pm Settlement Times: All settlements to be effected on Fridays, within 2 – 4 days of lodging (T+2, 3 & 4) Payment Mode: Direct transfer via Kina Automated Transfer System (KATS) and Bank cheques. More convenient and flexible ways to bank. ELISEO GROUP PRESENTS Monetary Policy Statements will be issued at least every three months from September 2024, when changes to the Central Banking Act increased their frequency from twice to four times annually. EPS, . The general public is again reminded of the need to conduct financial transactions only with financial institutions MLPF&S makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation. BANK OF PAPUA NEW GUINEA “Equal Opportunity Employer” The Bank of Papua New Guinea is a Contemporary Central Bank and Regulator employing best practice in the development and implementation of Monetary Policy; conduct of Financial Sector Supervision and in ensuring an efficient, safe and well-functioning Payments System. Genia, through her work, has progressed up the ranks of the bank in the last 40 years to be picked as a qualified candidate. The Bank of Papua New Guinea (BPNG) is authorized to issue prudential standards under Section 27 of the Banks and Financial Institutions Act (BFIA) 2000 in relation to prudential matters to be complied with by all Authorized Institutions. Mrs. About AML/CTF PNG's efforts to combat money laundering and terrorism financing are led by the Financial Analysis and Supervision Unit, or FASU. ; AML/CTF PFIC Plenary Opening Speech by Benny B M Popoitai, MBE, Acting Governor- Bank of Papua New Guinea. The group oversees three innovative business centres: the Centre for Excellent in Financial Inclusion; The Bank of Papua New Guinea presented to the Port Moresby Chamber of Commerce and Industry the September 2023 Monetary Policy Statement at the Hilton Hotel on the 4th of October 2023. Our Mission is to serve the people of Papua New Guinea by conducting effective monetary policy and maintaining a sound financial system. The Bank of Papua New Guinea (BPNG) is issuing repeated warnings about the dangers of fraudulent investment platforms, including the recently surfaced PNG SSE. Despite these alerts, many Papua New Guineans, including educated individuals, continue to fall prey to such schemes, losing hard-earned money to fast-money promises that are too good Keynote Address by Mr Loi M Bakani, CMG Governor, Bank of Papua New Guinea Launch of Strategic Plan 2016-2020 More choice in banking as BPNG grants two new Banking Licenses Opening of the Financial Inclusion Exposition in Mt. Monetary policy is the responsibility of the monetary authority or central bank of a country, like the Bank of Papua New Guinea. cilsn whbg xluthjq xjtag ohkc hmfs bakjl qtnvk ldtnm qwhir