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The exhibition supplied a chance to explore the fascinating history of PNG forex and its unique place in the nation’s improvement. Displaying cultural richness and diversity, attendees have been reminded of the significance of currency as a reflection of PNG identification, 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 earlier than you at present as we open the Kina and Toea Exhibition, a showcase of our nation’s rich and evolving economic historical past as part of the Bank’s 50th anniversary celebrations,” Governor Genia mentioned. She highlighted that the occasion is particularly vital because it precedes the 50th anniversary of both the nation’s foreign money and the nation itself. Governor Genia additionally introduced the Bank’s Vision 2050, launched according to the anniversary celebrations.

“These modern currencies served as each financial instruments and national emblems of our independence and unity as a nation,” Genia noted. She provided insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present in both the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal regions. Similarly, “Toea” refers to a valuable sort of shell utilized in trade and traditional bride price ceremonies in the Motuan Coastal villages.