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The Bank of Papua New Guinea officially launched the Kina and Toea Exhibition, a show celebrating the nation’s rich financial historical past and the 50th anniversary of Papua New Guinea’s forex. This occasion, held as part of the Bank’s fiftieth 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 six September 2024 at the National Museum & Art Gallery in Port Moresby. The exhibition provided an opportunity to explore the fascinating history of PNG forex and its unique place within the nation’s improvement. Displaying cultural richness and diversity, attendees were reminded of the significance of currency as a mirrored image of PNG identification, values, and traditions.
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The exhibition was designed to take attendees on a journey through PNG’s history, showcasing pictures of uncommon artefacts, coins, and notes that have shaped the country’s economic system. The launch was attended by distinguished visitors, companions, stakeholders, the employees and management of BPNG, and the media. Santos has introduced Business News the signing of a mid-term LNG provide contract with TotalEnergies Gas & Power Asia Private Limited . The contract entails the supply of 20 LNG cargoes, or as a lot as approximately zero.5 million tonnes of LNG each year, over a period of three years plus one quarter.
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 today as we open the Kina and Toea Exhibition, a showcase of our nation’s wealthy and evolving financial history as part of the Bank’s 50th anniversary celebrations,” Governor Genia stated. She highlighted that the event is particularly significant because it precedes the 50th anniversary of each the country’s foreign money and the nation itself. Governor Genia also launched the Bank’s Vision 2050, launched in line with the anniversary celebrations. Shells, notably the Kina and Toea, were not only mediums of trade but additionally symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell money also represented social standing, and it was utilized in marriages, deaths, and other important ceremonies and events,” Genia explained.