Australia Papua New Guinea Business Council
Australia Pacific Islands Business Council
Australia Pacific Islands Business Council

PNG’s forex inflows drop by 16 per cent in Q3

Nov 7, 2023 | APNGBC BLOG

Foreign exchange (FX) market inflows in the third quarter of 2023 have witnessed a 16 per cent decline, amounting to K6 billion, in comparison to the second quarter. This development represents almost 18 per cent of FX inflows, with a significant portion of these funds stemming from Bank of Papua New Guinea (BPNG) FX intervention,

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Australia Papua New Guinea Business Council

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