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Meanwhile, analysts say the kina is facing further downward pressure from the US dollar.

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Rationing The call comes as business leaders estimate that at least K1. Back orders Franklin estimates about K1. While dealers are unwilling to confirm just how many orders they are, one of the five licensed dealers in PNG told Business Advantage PNG that the estimate of K1.

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David Kelso, Managing Director of Moni Plus, one of the smaller foreign currency dealers, estimates there could be a total of K3 billion of orders for bank clients waiting to be processed. ANZ and others agree. Flanagan says the current low levels of inflation are actually an opportunity to accelerate a move down in the Kina.

Whether this resolves the situation is, in my view, unlikely. This article was kindly provided by www. Contact the LCCI office to find out how!

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Until then, the expectation is that then Kina will continue to depreciate. Newsletters Archive Advertise Here Contact the LCCI office to find out how!