Papua New Guinea’s currency, the kina, has fallen over the last year; many are predicting it will go lower. Business Advantage PNG talks exclusively to two analysts about where the currency is headed and how it will affect business conditions.
Foreign exchange controls affect Papua New Guinea business as ANZ calls for changes to kina trading range
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6 Oct 2015 by 1 Comment
As Papua New Guinea’s business community continues to face foreign exchange shortages, ANZ Bank has called for a relaxation of the enforced trading band for the kina. Meanwhile, analysts say the kina is facing further downward pressure from the US dollar.
Bank of Papua New Guinea closes down unauthorised foreign exchange trading
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18 Mar 2015 by 9 Comments
Papua New Guinea’s central bank has moved to stop offshore foreign banks, which don’t operate in PNG, from foreign exchange trading in the Kina.
Moni Plus expands to compete with the big banks
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29 Aug 2013 by
Papua New Guinea finance company Moni Plus is in expansion mode, after launching a state-of-the-art online foreign exchange service earlier this year.
People moves: Oil Search
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20 Aug 2013 by
Munro and Kay switch to Oil Search Ian Munro, previously Vice President Commercial and Environment—Browse LNG Development at Woodside Petroleum, will join Oil Search Ltd as Executive General Manager Gas Business Development on 26 August. Munro will be joined by Matt Kay, who will become Oil Search’s new Executive General Manager Commercial in January 2014. Kay was […]
People moves: Moni Plus
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31 Jul 2013 by
New forex and asset finance heads for Moni Plus, while Ok Tedi Mining loses its corporate communications head.
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