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The exhibition offered a possibility to discover the fascinating history of PNG forex and its distinctive place in the nation’s growth. Displaying cultural richness and variety, attendees have been reminded of the significance of currency as a mirrored image of PNG identification, values, and traditions. The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and officially Business News declared the exhibition open on behalf of the Governor of BPNG, Elizabeth Genia, in her absence. “It is an honour to face before you today as we open the Kina and Toea Exhibition, a showcase of our nation’s rich and evolving financial history as a half of the Bank’s 50th anniversary celebrations,” Governor Genia mentioned.

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She highlighted that the occasion is particularly significant because it precedes the fiftieth anniversary of each the nation’s foreign money and the nation itself. Governor Genia also launched the Bank’s Vision 2050, launched consistent with the anniversary celebrations. Shells, particularly the Kina and Toea, weren’t solely mediums of commerce but also symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell cash also represented social status, and it was used in marriages, deaths, and other significant ceremonies and occasions,” Genia defined. The arrival of colonisers marked a turning point within the nation’s economic historical past, leading to the introduction of latest currencies on 19 April 1975.

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