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The exhibition provided an opportunity to explore the fascinating historical past of PNG currency and its distinctive place in the nation’s growth. Displaying cultural richness and variety, attendees have been reminded of the importance of currency as a mirrored image 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. “It is an honour to stand earlier than you today as we open the Kina and Toea Exhibition, a showcase of our nation’s wealthy and evolving economic historical past as part of the Bank’s fiftieth anniversary celebrations,” Governor Genia said.

“Deeply embedded in our traditions and cultural practices, shell money also represented social status, and it was utilized in marriages, deaths, and different vital ceremonies and occasions,” Genia defined. The arrival of colonisers marked a turning level within the nation’s financial historical past, leading to the introduction of latest currencies on 19 April 1975. “These up to date currencies served as each financial devices and nationwide 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 each the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal regions.

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