Stability clause

Stability clause for FX stability: PM

Peter O’Neill thanked the Central Bank for their negotiations in this regard, saying this will address the foreign exchange (forex) issues faced by the country.

The Prime Minister said this at the signing of the Papua LNG Project Agreement.

“I wish to thank the Governor for the Central Bank about the negotiation we are having with project partners,  to give visibility so that we do not have foreign currency issues when we are exporting all these  resources out of the country; our currency must be stable.