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“These modern currencies served as each financial devices and national 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 found in both 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 valuable sort of shell utilized in trade and conventional bride worth ceremonies within the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to maintaining trust and confidence in physical currency, whilst global developments shift in path of digital currencies and digital payments. “This exhibition provides a unique opportunity to mirror and recognize how far we’ve come and to think about how we are ready to proceed to honour our heritage whereas embracing the future,” she said. The exhibition was designed to take attendees on a journey through PNG’s historical past, showcasing images of rare artefacts, coins, and notes which have formed the country’s economic system.

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The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and formally 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 rich and evolving economic history as part of the Bank’s fiftieth anniversary celebrations,” Governor Genia mentioned. She highlighted that the event is particularly important as it precedes the fiftieth anniversary of each the country’s forex and the nation itself.

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