Business News Today
The arrival of colonisers marked a turning point in the nation’s financial historical past, leading to the introduction of up to date currencies on 19 April 1975. “These up to date currencies served as each financial instruments and national 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 areas. Similarly, “Toea” refers to a priceless type of shell used 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 bodily forex, whilst international developments shift towards digital currencies and electronic payments. “This exhibition supplies a unique opportunity to replicate and respect …

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