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The arrival of colonisers marked a turning point in the country’s economic history, resulting in the introduction of contemporary currencies on 19 April 1975. “These modern currencies served as both financial devices and nationwide 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 found in both the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal regions.

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The exhibition was designed to take attendees on a journey via PNG’s historical past, showcasing images of rare artefacts, cash, and notes which have shaped the country’s financial system. The launch was attended by distinguished friends, partners, stakeholders, the employees and management of BPNG, and the media. Stocks stalled as oil fuels inflation nerves Asian inventory markets have been becalmed on Wednesday as surges in oil and Chinese manufacturing Business News unit prices added to worries that a hot US inflation reading might renew strain on policymakers to raise rates of interest. Each week we alternate between an interview with an organization chief and an trade deep dive. Sit down for lunch and stroll away with a recent take on the share market, companies you presumably can put money into, and the future of business.

Namah reflected on the need for financial independence, acknowledging the political basis laid by the country’s founding fathers. The Minister acknowledged the proactive efforts of the Governor of the nation’s capital, highlighting Hon. Parkop’s commitment to inclusive participation and the promotion of tourism, arts, and culture. Namah’s appointment, notably regarding the well-known Kokoda Trail.