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The Bank of Papua New Guinea formally launched the Kina and Toea Exhibition, a display celebrating the nation’s rich economic historical past and the 50th anniversary of Papua New Guinea’s forex. This occasion, held as part of the Bank’s 50th anniversary celebrations, coincides with the upcoming 50th anniversary of PNG’s independence in 2025. The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to 6 September 2024 at the National Museum & Art Gallery in Port Moresby. The exhibition supplied a chance to explore the fascinating historical past of PNG foreign money and its distinctive place within the nation’s improvement. Displaying cultural richness and diversity, attendees were reminded of the importance of foreign money as a reflection of PNG identification, 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.
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“These up to date currencies served as each financial instruments and nationwide 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 found in both the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal areas. Similarly, “Toea” refers to a useful kind of shell used in commerce and conventional bride worth ceremonies within the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing dedication to sustaining belief and confidence in bodily foreign money, whilst global tendencies shift towards digital currencies and digital funds. “This exhibition provides a singular alternative to replicate and appreciate how far we have come and to consider how we can proceed to honour our heritage whereas embracing the future,” she mentioned. The exhibition was designed to take attendees on a journey by way of PNG’s historical past, showcasing pictures of uncommon artefacts, coins, and notes which have formed the country’s economic system.