Monetary Occasions

“Deeply embedded in our traditions and cultural practices, shell money also represented social status, and it was utilized in marriages, deaths, and other significant ceremonies and occasions,” Genia defined. The arrival of colonisers marked a turning point within the country’s economic history, leading to the introduction of up to date currencies on 19 April 1975. “These modern currencies served as both 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. Similarly, “Toea” refers to a useful kind of shell used in commerce and conventional bride price ceremonies in the Motuan Coastal villages.

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The Bank of Papua New Guinea officially launched the Kina and Toea Exhibition, a show celebrating the nation’s wealthy financial historical past and the 50th anniversary of Papua New Guinea’s currency. This occasion, held as a half of the Bank’s fiftieth anniversary celebrations, coincides with the upcoming fiftieth 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 supplied a chance to explore the fascinating historical past of PNG foreign money and its distinctive place in the nation’s improvement. Displaying cultural richness and diversity, attendees had been reminded of the significance of forex as a reflection of PNG identification, values, and traditions.

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