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Displaying cultural richness and diversity, attendees have been reminded of the significance of currency as a reflection of PNG identity, 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 face before you today as we open the Kina and Toea Exhibition, a showcase of our nation’s rich Business News and evolving economic historical past as part of the Bank’s fiftieth anniversary celebrations,” Governor Genia stated. She highlighted that the occasion is particularly important as it precedes the 50th anniversary of each the nation’s currency and the nation itself. Governor Genia additionally launched the Bank’s Vision 2050, launched according to the anniversary celebrations.
The TPA will provide essential help to assist small businesses to grow. Governor Parkop congratulated the Minister and the National Cultural Commission on their efforts. He emphasised the potential of small stakeholders within the tourism trade, together with carvers and crafters. “This incubation center will assist many individuals within the metropolis, especially these working independently,” Parkop said.
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Shells, notably the Kina and Toea, weren’t solely mediums of commerce but additionally symbols of wealth, social status, 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 different important ceremonies and occasions,” Genia explained. The arrival of colonisers marked a turning level in the country’s economic historical past, resulting in the introduction of latest currencies on 19 April 1975. “These contemporary currencies served as each financial instruments and national emblems of our independence and unity as a nation,” Genia famous. She offered insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present in each the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal regions.
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