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Similarly, “Toea” refers to a valuable kind of shell used in trade and traditional bride price ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing dedication to sustaining trust and confidence in physical foreign money, whilst international developments shift towards digital currencies and digital funds. “This exhibition supplies a novel opportunity to mirror and recognize how far we have come and to consider how we will proceed to honour our heritage whereas embracing the future,” she mentioned. The exhibition was designed to take attendees on a journey through PNG’s historical past, showcasing photographs of uncommon artefacts, cash, and notes that have shaped the country’s economic system. The launch was attended by distinguished visitors, partners, stakeholders, the employees and management of BPNG, and the media.

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The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to six September 2024 on the National Museum & Art Gallery in Port Moresby. The exhibition offered a possibility to discover the fascinating historical past of PNG foreign money and its distinctive place within the nation’s improvement. Displaying cultural richness and diversity, attendees were reminded of the importance of currency as a reflection of PNG id, values, and traditions. The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and formally Business News declared the exhibition open on behalf of the Governor of BPNG, Elizabeth Genia, in her absence. “It is an honour to face before you right now 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 fiftieth anniversary celebrations,” Governor Genia mentioned. She highlighted that the event is particularly important because it precedes the 50th anniversary of both the nation’s foreign money and the nation itself.

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Parkop’s dedication to inclusive participation and the promotion of tourism, arts, and tradition. Namah’s appointment, particularly concerning the well-known Kokoda Trail. Namah also praised the leadership of Uvovo at TPA and Kilanda on the event of the first draft policy for arts and culture, and expressed enthusiasm for ongoing discussions round tourism policy. “Tourism, art, and tradition are inclusive industries,” the minister asserted. “They provide pathways for wealth creation and empower our communities.” He called for presidency support to enable native initiatives, noting that even small actions can result in significant change. The Minister also proposed a model new co-location technique for key agencies involved in tourism and cultural promotion, aiming to streamline operations and improve service supply.