Foreign currency accounts - International & treasury

Foreign currency accounts

Convenient banking

ANZ Papua New Guinea understands that individuals as well as businesses conduct business locally and internationally. Therefore, opening a foreign currency account in a currency other than PGK can be done. However, business entities will require prior approval of the Central Bank (BPNG) to open an account with ANZ.

Features at a glance

Account conducted in a foreign currency with ANZ PNG Ltd. in PNG
Has no cheque issuing facility
Has no overdraft facility
No credit interest is paid
All activity actioned by the account holder is by way of written authority.

Benefits

For individuals:

suspending foreign currency receipts pending future payments
effecting foreign currency payments in advance of future offsetting receipts
buying or selling foreign currencies in advance when exchange rates are advantageous.

Note: All subject to PNG Exchange Control regulations.

Terms and conditions

For business entities:

subject to conditions contained in the Central Bank (BPNG) approval for the opening of the account
must provide a copy of documents to comply with ANZ’s identification as well as Local Regulator’s verification requirements.

Fees and charges

Normal PGK account maintenance fees quoted in the currency of the account.

Open an account now

Open your foreign currency account by:

visiting your local ANZ branch
call +675 322 3232 to speak to an ANZ specialist
sending us an online enquiry.