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.