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The Bank of Papua New Guinea formally launched the Kina and Toea Exhibition, a display celebrating the nation’s rich financial history and the 50th anniversary of Papua New Guinea’s forex. This event, held as a part of the Bank’s 50th 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 6 September 2024 at the National Museum & Art Gallery in Port Moresby. The exhibition provided a possibility to discover the fascinating history of PNG foreign money and its unique place within the nation’s growth.
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Namah emphasized the important function of small companies in the nation’s economic development in his keynote tackle, as he expressed gratitude to individuals for their contributions to the country’s progress. Namah reflected Business News on the need for economic independence, acknowledging the political foundation laid by the country’s founding fathers. The Minister acknowledged the proactive efforts of the Governor of the nation’s capital, highlighting Hon.
“These up to date currencies served as both economic instruments and nationwide emblems of our independence and unity as a nation,” Genia famous. She provided 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 areas. Similarly, “Toea” refers to a valuable type of shell used in commerce and conventional bride worth ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to maintaining trust and confidence in physical foreign money, whilst global trends shift in the path of digital currencies and digital payments. “This exhibition provides a novel alternative to replicate and recognize how far we’ve come and to consider how we will proceed to honour our heritage while embracing the longer term,” she said.