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“These modern currencies served as each financial instruments and nationwide 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 useful sort of shell utilized in commerce and conventional bride worth ceremonies within the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to sustaining belief and confidence in physical forex, at the same time as world trends shift in path of digital currencies and electronic payments.

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