In addition, the minimum amount at the auction was increased from K100,000 to K500,000. Recent media commentaries have suggested that the Central Bank’s actions are adversely affecting small investors. However, these actions are consistent with the Bank’s objective of price stability and aim to encourage the development of the secondary market for Government securities, thereby promoting a vibrant financial market and system.
Small investors can purchase treasury bills from fund managers, stock brokers (Capital Stock brokers and Kina Securities) and other finance houses with amounts of K10,000. 2  BIS Review 55/2004  3. The Central Bank  The financial reforms since 2000 have involved changes to the various Acts, which the Bank of PNG operates under.