The kina has officially begun to depreciate, but at a very slow rate. It will take another two years at the current rate of depreciation to get back to the exchange rate that prevailed on 3 June. And ...

The disruption will strengthen the case for exchange-rate reform. PNG operates a crawling peg exchange rate that requires the Bank of Papua New Guinea (BPNG, the central bank) to ration the ...

If the EUR/USD conversion rate falls from 1.20 to 1.10, one euro could only be converted into $1.10 instead of $1.20. In this case, the U.S. dollar is now stronger against the euro, and the euro ...