Bank of Papua New Guinea Monetary Policy Statement

PNG economy shows signs of recession: academic

 Francis Hualupmomi, a political scientist and a PhD student in Public Policy in the School of Government at the Victoria University of Wellington, New Zealand said our currency is depreciating sharply against foreign currencies.

“This holds true on the exchange rate,” Hualupmomi said.

“It appears clearly that the currency is not necessarily affected by the US dollar but by domestic macroeconomic management.