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| | Nugget, Pike, et al.: The Role of the Reserve Bank of Australia in Papua New Guinea’s Decolonisation |
 | | Initially, the Bank’s central banking functions were largely confined to acting as banker to the Commonwealth government and the administration of Papua New Guinea, distributing notes and coins, assisting the Department of Territories and the administration with loan raising, and maintaining a stock registry; but as political and economic development accelerated, the Bank’s role increased. |
 | | By the early 1960s the Reserve Bank had thus established a significant presence in Papua New Guinea and initiated a process of localisation, had embarked on a programme of financial education, and was becoming increasingly involved in research into and monitoring of the Papua New Guinea economy. |
 | | Having finally had its role determined (it was to consider a paper, prepared by the Reserve Bank, to be cleared by Treasury, External Territories and the Bank, shown to the Administration, and then formally submitted to External Territories for submission to the administrator), the currency working group met in Canberra in December 1971. |
| epress.anu.edu.au /sspng/mobile_devices/ch17.html (7239 words) |
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