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“These contemporary currencies served as both financial instruments and nationwide 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 present in each 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 priceless kind of shell utilized in trade and traditional bride value ceremonies within the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to maintaining trust and confidence in bodily foreign money, at the same Business News time as global trends shift in the direction of digital currencies and digital payments. “This exhibition supplies a singular opportunity to mirror and recognize how far we have come and to think about how we can continue to honour our heritage whereas embracing the long run,” she mentioned. The exhibition was designed to take attendees on a journey through PNG’s historical past, showcasing pictures of rare artefacts, coins, and notes which have shaped the country’s economy.
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The exhibition provided a possibility to discover the fascinating history of PNG foreign money and its distinctive place in the nation’s development. Displaying cultural richness and diversity, attendees have been reminded of the importance of foreign money as a mirrored image of PNG identification, values, and traditions. 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 before you today as we open the Kina and Toea Exhibition, a showcase of our nation’s rich and evolving economic historical past as a part of the Bank’s 50th anniversary celebrations,” Governor Genia stated. She highlighted that the occasion is especially significant because it precedes the fiftieth anniversary of each the country’s foreign money and the nation itself.
It is a chance to address pressing food security issues, have fun our wealthy cultural heritage, and explore the immense potential within the Nigerian meals and beverage industry. Both Russia and Ukraine are clashing over claims of intrusion in Nigeria’s house affairs. The Oyo Empire, one of the powerful and influential Yoruba states in Nigeria, played a big function in shaping… Certain designers have considerably shaped the automotive manufacturing the industry all through automotive history, creating automobiles identified for their iconic engineering… After quitting his profitable banking job to comply with his passion for visible artwork, Emeka Nwagbara has never appeared back.