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The exhibition offered a possibility to discover the fascinating historical past of PNG currency and its distinctive place in the nation’s development. Displaying cultural richness and diversity, attendees had been reminded of the importance of forex as a reflection of PNG id, values, and traditions. The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and officially declared the exhibition open on behalf of the Governor of BPNG, Elizabeth Genia, in her absence. “It is an honour to stand before you at present as we open the Kina and Toea Exhibition, a showcase of our nation’s rich and evolving financial historical past as a half of the Bank’s fiftieth anniversary celebrations,” Governor Genia stated. She highlighted that the occasion is especially significant because it precedes the 50th anniversary of both the nation’s currency and the nation itself.

“These modern currencies served as each financial devices and nationwide emblems of our independence and unity as a nation,” Genia noted. She supplied insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present in each the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal regions. Similarly, “Toea” refers to a useful kind of shell utilized in commerce and traditional bride worth ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to sustaining trust and confidence in physical forex, whilst global trends shift towards digital currencies and electronic payments. “This exhibition provides a unique opportunity to replicate and respect how far we now have come and to contemplate how we can proceed to honour our heritage while embracing the lengthy run,” she said. The exhibition was designed to take attendees on a journey through PNG’s history, showcasing photographs of uncommon artefacts, cash, and notes that have shaped the country’s economic system.

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