PNG aims to retain 30% of exported gold, may change currency pegs

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.

PNG aims to retain 30% of exported gold, may change currency pegs