Central Bank restrictions

Letters

I RUN a small electrical contracting and training company that for several years has been supplying services (engineering and training) to Papua New Guinea.
Over the past few years getting paid by our PNG customers has become increasingly difficult.
We are told by our customers that they have funds available to pay our account but the banks do not have enough foreign exchange to complete the transaction from PNG kina to Australian dollars.
Australian banks will not accept a PNG kina payment, so the transaction can only be completed by an approved PNG bank.
I have met with a general manager of a large PNG bank who has explained to me that they have several billion kina worth of foreign exchange orders that they cannot service as the Central Bank has foreign exchange restrictions controlling the ability to pay overseas suppliers.
My Question: Will the $3 billion of Australian taxpayers’ money that Scott Morrison is giving to PNG be conditional in the first instance, ensuring the PNG Central Bank removes foreign exchange restrictions on Australian dollars, allowing PNG companies to pay their Australian suppliers who are already in PNG trying to assist this struggling country?

Frustrated
Kone/Gold Coast