Bank of PNG Governor, Loi Bakani, made this point during the Certified Practising Accountants of PNG conference in Lae.
The two-day Certified Practising Accountants of PNG conference for the Momase and Highlands region started on Thursday at the Lae International Hotel.
Bakani presented on the impact of the global economic crisis on PNG’s foreign exchange market.
During question time, an attendee highlighted the depreciation of the Kina by 41 percent from 2012 to 2020.
