(a)

to formulate and implement monetary policy with a view to achieving and maintaining price stability; and

(b)

to formulate financial regulation and prudential standards to ensure stability of the financial system in Bougainville;  and

(c)

to promote an efficient national and international payments system;  and

(d)

subject to the above, to promote macro-economic stability and economic growth in Bougainville.

1

In pursuance of its objectives the Central Bank may -

(a)

issue currency; and

(b)

act as banker and financial agent to the Government;  and

(c)

regulate banking, credit and other financial services as empowered by this Act or by any other law of the Independent State of Bougainville;   and

(d)

manage the gold, foreign exchange and other international reserves of Bougainville;  and

(e)

perform any function conferred on it by or under any international agreement to which Bougainville is a party;  and

(f)

perform any other function conferred on it by or under any other law  of Bougainville.

2

The Central Bank shall advise the Minister as soon as practicable where it
 considers that a body regulated by the Central Bank is in financial difficulty.