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The exhibition offered a chance to explore the fascinating history of PNG foreign money and its unique place in the nation’s growth. Displaying cultural richness and diversity, 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 formally 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 at present as we open the Kina and Toea Exhibition, a showcase of our nation’s rich and evolving financial historical past as a half of the Bank’s 50th anniversary celebrations,” Governor Genia mentioned.

She highlighted that the occasion is especially important because it precedes the 50th anniversary of both the country’s forex and the nation itself. Governor Genia also launched the Bank’s Vision 2050, launched in line with the anniversary celebrations. Shells, significantly the Kina and Toea, were not solely mediums of trade but additionally symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell money additionally represented social status, and it was utilized in marriages, deaths, and different significant ceremonies and occasions,” Genia defined. The arrival of colonisers marked a turning point in the country’s financial history, resulting in the introduction of contemporary currencies on 19 April 1975.

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Namah also praised the management of Uvovo at TPA and Kilanda on the development of the primary draft coverage for arts and tradition, and expressed enthusiasm for ongoing discussions round tourism coverage. “Tourism, art, and tradition are inclusive industries,” the minister asserted. “They present pathways for wealth creation and empower our communities.” He known as for presidency help to allow native initiatives, noting that even small actions can result in important change.