Banks And Banking

Normal banking facilities are available in every large town, with agencies of the nation's bank, The Papua New Guinea Banking Corporation, being established in most government stations.

Next to the Papua New Guinea Banking Corporation, the most common bank is the Bank of New South Wales which is in every large town but which lacks the number of agencies of the local bank.

Hours are Monday to Friday, 0900 hours to 1400 hours with no Saturday trading.

The visitor may change currencies at either bank, but only the Papua New Guinea Banking Corporation will handle coins. Australian savings bank accounts can be used in Papua New Guinea with adequate identification at the rate of K150 per week and overseas cheques may be cashed — again with adequate identification and proof of funds — of up to about K200 per week.

Those requiring funds urgently will find Telegraphic Transfers take less than a day and cost around K4. Otherwise, there is always the direct phone from all large towns to overseas countries to call upon.

Was this article helpful?

0 0
Boating Secrets Uncovered

Boating Secrets Uncovered

If you're wanting to learn about boating. Then this may be the most important letter you'll ever read! You Are Going To Get An In-Depth Look At One Of The Most Remarkable Boating Guides There Is Available On The Market Today. It doesn't matter if you are just for the first time looking into going boating, this boating guide will get you on the right track to a fun filled experience.

Get My Free Ebook


Post a comment