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Port Moresby
January 21, 2021
Business News

Bank of PNG Launches Redeveloped Website

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by Theckla Gunga – EM TV, Port Moresby

With the increase in money laundering in recent months, the Bank of Papua New Guinea wants to lower the number of bankers falling victims to the scheme.

Yesterday, the Central Bank launched its redeveloped website to address these illegal schemes.

The website will serve as an information source for customers to verify any bank transactions if they suspect it to be a scheme.

The website that can be accessed through www.bankpng.gov.pg was created as a medium for information sharing to warn and aware bankers on the illegal money schemes.

Upon launching the website, BPNG Governor Loi Bakani said over six months was spent in redeveloping the website.

“It is very important as we the central bank must make available information on the developments in the economy to our people, the businesses and other investors overseas,” Bakani said.

With the current trend being that many government bodies do not constantly update their websites, Governor Bakani has challenged his staff to continuously update the website so consumers can access timely information.

Bakani said all updates on BPNG’s financial education programs, kina conversion rates and other economic information will be published through the website and encourages consumers to visit the site.

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