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PNG Central Bank to release new APEC notes, coins

The Papua New Guinea Government will soon release new K100 notes and coins for APEC, APEC Minister Justin Tkatchenko says.

He told The National that the new notes and coins would be released tomorrow and will carry an APEC logo.

“We will be launching the new currency for APEC in all parts of the economy and it’s set for next week,” he said.

“We did something similar when we hosted the Pacific Games in 2015 and this time as the first Pacific country to host APEC, It will be a memorable event and it will be bigger and better,” Tkatchenko said.

Deputy Prime Minister and Treasurer Charles Abel confirmed that the new notes and coins would be released later this month.

Abel said it was a Central Bank initiative.

“They are an independent agency of government responsible for monetary policy, including currency,” Abel said.

Meanwhile, Tkatchenko said a local jeweller from the House of Gemini was engaged to make the special APEC pins for all the world leaders to wear as identification when they arrive next month.

He said PNG was being given opportunities to be involved in APEC in one way or another, and the country was enjoying many benefits as a result of it being the host.

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