Currency illegal, Nisira tells people

National, Normal

The National, Wednesday February 26th, 2014

 ACTING Bougainville President, Patrick Nisira has reaffirmed the Autonomous Government’s rejection of the Bougainville kina.

The illegal currency is sponsored by illusive failed money scheme boss Noah Misingku’s U-Vistract organisation that is based in Tonu, Siwai district, in the heartland of South Bougainville.

Nisiria supported the stand by acting chief administrator, Chris Siriosi and ABG Finance Minister Albert Punghau in distancing the ABG from the currency.

Nisira said the use of the illicit currency was against the monetary policies of Papua New Guinea and was a serious crime.

“It must be understood that there is no such thing as the International Bank of Mekamui operating in Bougainville,” Nisira said.

He said the only banks allowed to operate in Bougainville were Bank South Pacific and the Nationwide Micro Bank, which are based in Buka Town and Arawa.

Nisira urged the people of Bougainville to refrain from using the illegal currency because it was worthless and would not be accepted by businesses.

“The PNG Government and ABG must work together to put an end to this fraudulent act to protect the ordinary people from being deceived into investing their hard earned savings into this scheme,” Nisira said.

The illegal currency scandal has forced PNG Prime Minister, Peter O’Neill to propose the introduction of stringent measures to counter the number foreigners illegally entering Bougainville.

The proposal will regulate the number of foreigners moving into there but gives consideration to those who have a genuine reason to be in the region.