In a statement, the Oxford Business Group said foreign currency reserves totalled PGK5.60bn ($1.72bn) at the end of June, up from PGK5.56bn ($1.71bn) at the end of March.
This was according to a statement issued by the Bank of Papua New Guinea (BPNG).
“The bank cited increases in international commodity prices, along with the resumption of production at the Ok Tedi and Porgera mines and the PNG LNG project following a February earthquake, as significant factors behind the rise in foreign exchange,” reports the OBG.
