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“These modern currencies served as both financial devices 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 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 useful type of shell utilized in commerce and traditional bride worth ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing dedication to sustaining trust and confidence in physical currency, at the equal time as world trends shift in the path of digital currencies and digital payments. “This exhibition supplies a novel alternative to replicate and appreciate how far we have come and to think about how we are in a position to proceed to honour our heritage while embracing the longer term,” she said. The exhibition was designed to take attendees on a journey via PNG’s historical past, showcasing pictures of rare artefacts, cash, and notes that have formed the country’s economic system.

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This event, held as part of the Bank’s fiftieth anniversary celebrations, coincides with the upcoming fiftieth anniversary of PNG’s independence in 2025. The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to six September 2024 at the National Museum & Art Gallery in Port Moresby. The exhibition supplied a possibility to explore the fascinating history of PNG forex and its unique place in the nation’s growth. Displaying cultural richness and variety, attendees were reminded of the importance of forex as a mirrored image of PNG identity, values, and traditions.

In help of small and medium enterprises in the tourism sector, the PNG Tourism Promotion Authority and the Ministry of Tourism, Art and Culture formally launched the Tourism Business Incubation Center on September twenty seventh in Port Moresby. Key figures, including the Minister for Tourism, Arts, and Culture, Hon. Belden Namah, TPA CEO Eric Mossman Uvovo, National Cultural Commission CEO Steven Enomb Kilanda, and NCDC Governor Hon. Namah emphasized the important function of small businesses in the nation’s financial development in his keynote handle, as he expressed gratitude to members for their contributions to the country’s progress.

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