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Governor of the Bank of PNG Loi Bakani has advised the public not to accept or conduct any transactions using a currency called “Bougainville Kina”. It is illegal.

 

In a public notice, Mr. Bakani said the currency “Bougainville Kina” was introduced by a Noah Musingku, through the dealings of U-Vistract and is not recognised by the Bank of PNG.

Under Section 59 of the Central Bank Act 2000, the Bank of PNG is the only authorized institution mandated to issue PNG currency Notes and Coins in the country.

Bougainville Kina cannot be used as it is not legal tender in Papua New Guinea.

 

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Macnissi Lovie

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4y ago

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