Monetary Instances

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The exhibition offered a chance to discover the fascinating history of PNG currency and its unique place in the nation’s improvement. Displaying cultural richness and variety, attendees had been reminded of the importance of foreign money as a reflection of PNG id, 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 before you right now as we open the Kina and Toea Exhibition, a showcase of our nation’s wealthy and evolving economic history as part of the Bank’s 50th anniversary celebrations,” Governor Genia said.

She highlighted that the occasion is particularly important as it precedes the 50th anniversary of both the country’s foreign money and the nation itself. Governor Genia also introduced the Bank’s Vision 2050, launched in line with the anniversary celebrations. Shells, notably the Kina and Toea, weren’t solely mediums of trade but additionally symbols of wealth, social standing, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell cash additionally represented social standing, and it was used in marriages, deaths, and other significant ceremonies and occasions,” Genia defined.