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 offered a possibility to explore the fascinating historical past 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 forex as a mirrored image of PNG id, 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 face earlier than you today as we open the Kina and Toea Exhibition, a showcase of our nation’s wealthy and evolving financial historical past as part of the Bank’s 50th anniversary celebrations,” Governor Genia mentioned. She highlighted that the occasion is especially significant as it precedes the fiftieth anniversary of both the nation’s forex and the nation itself.
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Stocks stalled as oil fuels inflation nerves Asian stock markets have been becalmed on Wednesday as surges in oil and Chinese manufacturing unit costs added to worries that a scorching US inflation reading might renew pressure on policymakers to lift interest rates. In late August, seventeen ExxonMobil trainees graduated in a ceremony held at the Kumul Petroleum Academy at Idubada. The trainees accomplished a one-year full-time course and achieved City and Guilds certification in their respective disciplines. Eleven trainees obtained their certificates in plant process operation, and six have been licensed as instrument upkeep technicians. The commencement ceremony featured speeches from visitor audio system, including ExxonMobil Upstream Asset Manager Mr Breton Macdonald, Kumul Petroleum Holdings Senior Manager Mr Sikke Jan Wynia, and a number of other trainees, in addition to the KPA manager.
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“These contemporary currencies served as both financial devices and national emblems of our independence and unity as a nation,” Genia noted. She offered 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 Business News. Similarly, “Toea” refers to a useful type of shell used in commerce and conventional bride worth ceremonies within the Motuan Coastal villages.
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