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He also said the economy would benefit from a lower exchange rate.
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Prices are subject to change depending on exchange rate and current deals.
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Experts believe that four major factors are sparking the exchange rate comeback.
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And second, reduce the effect of the exchange rate on our customers.
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The IMF also said PNG had to increase its exchange rate flexibility.
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Investigations into forex rates are running alongside scrutiny of benchmark interest rates.
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Numerous banks have been caught up in allegations of manipulation of global forex rates.
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Roeseler said attempts to manipulate forex rates involved Asian as well as Latin American currencies.
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UBS, Switzerland's largest bank, will also pay $342 million to the Federal Reserve over attempted manipulation of forex rates.
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According to its statement, second-quarter revenue would have been $176 million if forex rates had remained constant from the first quarter.
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This effort did not reflect concerns specific to the FX rate.
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Graphic: World FX rates in 2020 here Graphic: Trade-weighted sterling since Brexit vote here
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The yuan FX rate has also steadied after sustained weakness during most of the first quarter.
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Traders told Mallett that currency dealers were using chat rooms to pool information before benchmark FX rates were fixed.
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There has never been so much interest in foreign-exchange rates.