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The Bank of Papua New Guinea Governor Elizabeth Genia addressed current important legislative changes to the Central Banking Act through the recent September 2024 Monetary Policy Statement presentation at the Royal Papua Yacht Club. The amendments, passed by Parliament in September, pave the finest way for the institution of a new Monetary Policy Committee aimed toward enhancing the independence and transparency of financial coverage in PNG. “This is the final Monetary Policy Statement from the Bank of Papua New Guinea under the present governance structure,†Governor Genia said. With only the Governor and Deputy Governor…Continue Reading
