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Do not show me this message againEssential reading for Papua New Guinea-focused executives
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Last week, Queensland Treasurer and Minister for Trade and Investment Cameron Dick visited Papua New Guinea to launch the … [Read More...]
Next month's 16th Papua New Guinea Mining and Petroleum Investment Conference in Sydney (5 to 7 December) will mark the event's … [Read More...]
Canadian company K92 Mining gets lease extension, PNG DataCo announces cables damaged after the September earthquake have been … [Read More...]
Nambawan Super's Chief Financial Officer, Pochon Lili, is another Papua New Guinean under 40 who is leading the way for new … [Read More...]
The Papua New Guinea kina’s exchange rate (mid-rate) against its main trading currencies, as at 5 December, 2022
USD 0.2840
AUD 0.4241
GBP 0.2371
EUR 0.2745
NZD 0.4564
JPY 39.33
SGD 0.3896Source: Bank of PNG
From the Business Advantage blog 
This shock revaluation is bad for agriculture as the Kina incomes of all producers of export crops have been instantly slashed by 20%.
Whilst imported purchases will gradually come down in price farmers will have less Kinas
to pay for these imports Therefore the effect on businesses dependent on agriculture will
not benefit.
Now there are concerns over the difficulty in paying overseas suppliers as the banks seem
to short of USD/AUD etc to pay overseas import bills.
One does wonder what result the Bank of PNG hoped to achieve.