The operationalisation of the National Payment Systems Act and the Financial Reporting Centre amongst others will strengthen the integrity and stability of the financial system;  Ladies and Gentlemen: These developments present not only opportunities but also significant challenges. To be able to exploit the resultant opportunities and surmount the challenges, there is need to enhance the skills and competence of our human resources.
We are in the process of introducing an automated currency processing system to improve on our counting, sorting and online destruction of soiled banknotes initially in Port Moresby and eventually to our Currency Distribution Centres in Mt Hagen, Lae and Kokopo.