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The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to 6 September 2024 on the National Museum & Art Gallery in Port Moresby. The exhibition provided a possibility to explore the fascinating history of PNG forex and its unique place within the nation’s improvement. Displaying cultural richness and diversity, attendees have been reminded of the importance of foreign money as a mirrored image of PNG identity, values, and traditions. The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and officially declared the exhibition open on behalf of the Governor of BPNG, Elizabeth Genia, in her absence. “It is an honour to stand before you at present as we open the Kina and Toea Exhibition, a showcase of our nation’s rich and evolving financial history as a part of the Bank’s 50th anniversary celebrations,” Governor Genia stated. She highlighted that the event is especially important as it precedes the fiftieth anniversary of both the nation’s foreign money and the nation itself.

The arrival of colonisers marked a turning point within the nation’s financial historical past, resulting in the introduction of contemporary currencies on 19 April 1975. “These up to date currencies served as each economic instruments and national emblems of our independence and unity as a nation,” Genia famous. She supplied 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 areas. Similarly, “Toea” refers to a valuable type of shell used in commerce and conventional bride price ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to sustaining trust and confidence in bodily foreign money, at the same time as global developments shift in course of digital currencies and electronic payments.

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“Tourism, artwork, and culture are inclusive industries,” the minister asserted. “They provide pathways for wealth creation and empower our communities.” He referred to as for government support to allow local initiatives, noting that even small actions can lead to vital change. The Minister additionally proposed a new co-location technique for key agencies concerned in tourism and cultural promotion, aiming to streamline operations and enhance service delivery. He underscored the necessity for regulatory frameworks to guard PNG’s cultural heritage, advocating for the patenting of local designs and merchandise to ensure they’re authentically represented.

In support of small and medium enterprises within the tourism sector, the PNG Tourism Promotion Authority and the Ministry of Tourism, Art and Culture formally launched the Tourism Business Incubation Center on September 27th Business News in Port Moresby. Key figures, including the Minister for Tourism, Arts, and Culture, Hon. Belden Namah, TPA CEO Eric Mossman Uvovo, National Cultural Commission CEO Steven Enomb Kilanda, and NCDC Governor Hon.

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