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The Bank of Papua New Guinea officially launched the Kina and Toea Exhibition, a show celebrating the nation’s rich economic history and the 50th anniversary of Papua New Guinea’s foreign money. This occasion, held as a half of the Bank’s fiftieth anniversary celebrations, coincides with the upcoming 50th anniversary of PNG’s independence in 2025. The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to six Business News September 2024 at the National Museum & Art Gallery in Port Moresby. The exhibition supplied an opportunity to explore the fascinating historical past of PNG foreign money and its unique place within the nation’s development.

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“These modern currencies served as each economic instruments and national emblems of our independence and unity as a nation,” Genia famous. She offered insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present in both the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal areas. Similarly, “Toea” refers to a useful sort of shell utilized in trade and conventional bride price ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to maintaining belief and confidence in physical foreign money, even as world developments shift in direction of digital currencies and digital payments. “This exhibition provides a novel alternative to replicate and appreciate how far we have come and to contemplate how we are in a position to continue to honour our heritage whereas embracing the longer term,” she stated.