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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 face earlier than you today as we open the Kina and Toea Exhibition, a showcase of our nation’s wealthy and evolving financial history as a part of the Bank’s 50th anniversary celebrations,” Governor Genia mentioned. She highlighted that the occasion is especially important as it precedes the 50th anniversary of each the nation’s forex and the nation itself.

Market information data displayed on The Sydney Morning Herald is sourced from Morningstar and ASX and is topic to their phrases and circumstances as set out in our phrases of use. The Sydney Morning Herald does not settle for any duty for the accuracy and/or completeness of such data or data. European Investment Bank warms as much as Zimbabwe The European Investment Bank has availed about €40m to Zimbabwe banks within a 12 months, which is ready to go in direction of baili… Conservative Leader Pierre Poilievre is not allowed to talk in the House of Commons right now as his public feud with Foreign Affairs Minister Mélanie Joly spilled right into a second day. A new report that looks at the sex lives of Canadian youth suggests extra must be done to encourage secure sex, together with reversing a decrease in condom use. Jenna Fischer is highlighting Breast Cancer Awareness Month by sharing that she is now ‘cancer free’ after she was identified with the disease in October 2023.

“These up to date currencies served as each financial instruments and national emblems of our independence and unity as a nation,” Genia noted. 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 regions. Similarly, “Toea” refers to a valuable type of shell used in commerce and conventional bride price ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing dedication to maintaining trust and confidence in physical currency, at the identical Business News time as global trends shift in path of digital currencies and digital funds. “This exhibition supplies a singular alternative to mirror and respect how far we now have come and to contemplate how we can proceed to honour our heritage while embracing the future,” she said. The exhibition was designed to take attendees on a journey via PNG’s history, showcasing pictures of uncommon artefacts, coins, and notes that have formed the country’s economic system.

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