The letter was signed by a King David Peii II as the head of state, Sir Peter Lising as the governor of the Central Bank and Roger Renaud as the secretary of State on his permanent appointment with details of his job descriptions.
"As the Minister for International Monetary Relations for the Central Bank of Bougainville to represent the Central Bank of Bougainville for the purpose of developing relationships internationally with Central Banks of other sovereign nations and /or commercial banks and additionally for the purposes of developing corresponding accounts and facilitating exchange relationships for Bougainville’s Kina (BVK) with other currencies worldwide," they advised Webb. Under this decree, your responsibilities shall include, but not be limited to the following:
"The money is illegal. If you look at the 100 Bougainville kina note, it has the kina name on it but different features and pictures, therefore it is illegal," Mr Bakani said. "Also the legal tender is in Papua New Guinea kina and the change of the design also has its own penalties." Mr Bakani, who was also at the airport for the questioning, said the Bank Act was breached and he has instructed his lawyers to work on the charges to be laid on Mr Webb today, including other penalties. Customs Commissioner Ray Paul confirmed the incident but said he is waiting for full details from all government authorities before he could comment. He said the Customs office will hold a press conference today about the matter. Immigrations officials also told the Post-Courier last night that Mr Webb would face penalties but said they would rather have the police and other authorities announce the consequences he would face today. Police advised they will respond today when they all meet to determine the next course of action. PNG Facts/ Post Courier Comments are closed.
|
Papua New Guinea Breaking NewsPapua New Guinea daily News updates Let Your Voice be heard: Submit your news articles, commentaries, letters , Photos, Media Releases etc to us on this email: pngfacts@gmail.com
Mining & PetroleumTop Links |