BIS central bankers’ speeches  5  (including the tax effects) over the period of fiscal 2013–15 by plotting the distribution of their forecasts for each fiscal year. It reveals that the economists’ forecasts for inflation were adjusted toward the higher levels with greater probability for fiscal 2013 as the observation point approached the end of the observation year concerned.
Ladies and Gentlemen, since Papua New Guinea introduced the Kina and Toea thirty-three years ago on 19th April 1975, our family of banknotes and coins have changed reflecting the development of the economy, business activity and world-wide trends.