CB Meekamui

Objectives & Functions

CENTRAL BANK
The Central Bank of Bougainville is to act as the central bank.


«The Central Bank shall advise the Minister as soon as practicable where it considers that a body regulated by the Central Bank is in financial difficulty.»

 

Objectives of the Central Bank

For the advantage of the people of Bougainville, the objectives of the:

to formulate and implement monetary policy with a view to achieving and maintaining price stability;
and to formulate and implement monetary policy with a view to achieving and maintaining price stability;
and to promote an efficient national and international payments system;
and to formulate and implement monetary policy with a view to achieving and maintaining price stability;
and to formulate and implement monetary policy with a view to achieving and maintaining price stability;
and to promote an efficient national and international payments system;

Functions of the Central Bank

In pursuance of its objectives the Central Bank may:

act as banker and financial agent to the Government;
and regulate banking, credit and other financial services as empowered by this Act or by any other law of the Independent State of Bougainville;
and manage the gold, foreign exchange and other international reserves of Bougainville;
and perform any function conferred on it by or under any international agreement to which Bougainville is a party;
and perform any other function conferred on it by or under any other law of Bougainville.

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BV Exchange Rate – MIDRATE –

Last Update:
10 November 2024

usd

0.4769

eur

0.5332

PGK

0.1387

gbp

0.3623

nzd

45.391

sgd

0.3931

jpy

0.5722

cpv

0.0729

KINA FACILITY RATE:

jun 2024

6.255%

jul 2024

6.258%

aug 2024

6.247%

sep 2024

6.236%

oct 2024

6.203%

nov 2024

6.208%