I am of the view that this kind of stability is needed to provide a broader leeway for domestic financial market deepening. Therefore, monetary operation will be based on instruments which can directly stimulate transactions in the money market such as in the rupiah interbank money market (PUAB), Repurchase Agreement (Repo), and the swap market.
The PNG financial institutions & credit unions have teamed up with mobile network operators such as Digicel to extend their services to the rural areas where banking services are not available and thus fulfilling the financial inclusion mandate.