To assist in the administration of the exchange controls, the Central Bank has licensed the following commercial banks operating in Papua New Guinea as Authorised Dealers in foreign exchange:  

• Australia and New Zealand Banking Group (PNG) Ltd

• Bank South Pacific Ltd

• Westpac Bank (PNG) Ltd

• Maybank (PNG) Ltd

Applications for remittance of foreign exchange or Kina overseas should be made on the Central Bank issued Balance of Payment Forms (BOP Forms) and submitted to an Authorised Dealer who would verify and endorse the foreign exchange remittance, except where an exchange control approval is required from the Central Bank.

In 1998, the Central Bank introduced the new policy on broadening of the foreign exchange market in PNG. The policy allows for non-bank financial institutions, corporations and individuals to participate in the foreign exchange market by applying to the Central Bank for primary or secondary foreign exchange dealer licenses.