Hold funds in major international currencies.
Reduce costs by limiting currency exchanges.
Convert funds at your convenience.
BSP’s foreign currency accounts help people and businesses to manage funds in different currencies. You get flexibility and security for your global transactions, with simple international payments and lower currency conversion costs.
Foreign Currency Accounts needs approval from Bank of Papua New Guinea before establishing the account, BSP only facilitate transactional foreign currency accounts that operate under special conditions set by BPNG in a letter of approval.
BSP does not offer Foreign Currency Fixed Term Deposit accounts and loans in Foreign currency, requires approval from BPNG.
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