The path to kina convertibility: An analysis of Papua New Guineaʼs foreign exchange market
Abstract Papua New Guinea (PNG) has faced a foreign exchange (forex) shortage since 2015. The Bank of PNG has resorted to forex rationing to protect reserves, leading to a large backlog of orders and import compression. This paper surveys the structure of PNGʼs forex market and analyses recent marke...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2022-09-01
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| Series: | Asia & the Pacific Policy Studies |
| Subjects: | |
| Online Access: | https://doi.org/10.1002/app5.358 |