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The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to six September 2024 on the National Museum & Art Gallery in Port Moresby. The exhibition supplied a possibility to explore the fascinating historical past of PNG foreign money and its unique place in the nation’s improvement. Displaying cultural richness and diversity, attendees had been reminded of the importance of foreign money as a mirrored image of PNG identity, 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 earlier than you right now as we open the Kina and Toea Exhibition, a showcase of our nation’s wealthy and evolving economic history as part of the Bank’s 50th anniversary celebrations,” Governor Genia said. She highlighted that the event is especially important because it precedes the 50th anniversary of each the country’s currency and the nation itself.
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The arrival of colonisers marked a turning level in the nation’s economic history, leading to the introduction of up to date currencies on 19 April 1975. “These contemporary currencies served as each financial devices and national emblems of our independence and unity as a nation,” Genia famous. She offered insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present in both the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal regions Business News. Similarly, “Toea” refers to a useful sort of shell used in trade and conventional bride value ceremonies within the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing dedication to sustaining trust and confidence in bodily foreign money, even as world developments shift towards digital currencies and electronic payments.
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