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The Bank of Papua New Guinea officially 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 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 6 September 2024 on the National Museum & Art Gallery in Port Moresby. The exhibition provided an opportunity to explore the fascinating historical past of PNG forex and its unique place within the nation’s development.

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“These modern currencies served as both financial devices and national emblems of our independence and unity as a nation,” Genia famous. 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. Similarly, “Toea” refers to a valuable type of shell utilized in trade and traditional bride worth ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing dedication to sustaining belief and confidence in physical foreign money, whilst world trends shift in direction of digital currencies and electronic payments. “This exhibition offers a singular opportunity to reflect and appreciate how far we now have come and to contemplate how we will continue to honour our heritage whereas embracing the future,” she mentioned.

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