BOP summarises limited the ability of the local economy to facilitate imports economic transactions of the local economy with the rest of and attract foreign investments, which has led to a reduction the world over a period of time. [...] The volumes of international transactions of PNG are partly subjected to the movements of the Kina exchange rate and stock of foreign exchange reserves. [...] In PNG, the chronic foreign exchange shortage issue has restricted the inflow of imports and outflow of profits The Central Bank of PNG (BPNG) has managed the and dividends (Davies and Schröder, 2022). [...] To strengthen mineral and petroleum sectors have improved capital inflows the BOP position and the foreign reserves stock from 2024 to finance imports, but the foreign exchange shortage remains onwards, under the current IMF program, BPNG has been a concern to businesses and individuals in the country. [...] Specifically, the shortage of foreign exchange has restricted the abilities of importers to buy foreign goods and services, investors to repatriate profits and dividends to offshore bank accounts, and government to service its external debt repayments.
- Pages
- 4
- Published in
- Papua New Guinea
