PNG aims to retain 30% of exported gold, may change currency pegs
By GCRU Gold News on Monday, August 19 2019, 06:27 - Permalink
Papua New Guinea wants to retain at least 30% of the gold it currently exports as it transforms its economy under a new government leadership, the country’s commerce minister said on Monday.
Mori said that PNG would also consider pegging its currency, the kina, to gold, rather than the U.S. dollar.