Audit policy to solve forex issue

Letters

I ENCOURAGE the Marape Government to commission an independent case study audit on existing policies and regulations employed by the Bank of PNG to manage both the monetary and exchange rate polices among others that affect the net flows of capital if it had been investor-business friendly towards measures employed since 2014 to manage speculative capital flight and depletion of foreign exchange reserves .
A cross sectional analysis is required to compare and contrast against other similar economies who have best policy options to produce better results on maintaining healthy levels of foreign exchange reserves and reduced cost on capital in a form of low interest rates .
The points raised by the Business community regarding BPNG regulation and intervention on forex market should be analysed in such a review to provided better future options for the BPNG to consider in reforming them.

LG,
Observer NCD