Newest Business News In Hindi: इकनोमिक, फाइनेंसियल न्यूज़, लेटेस्ट, अपडेट्स The Financial Occasions Hindi

“Deeply embedded in our traditions and cultural practices, shell cash also represented social standing, and it was utilized in marriages, deaths, and different vital ceremonies and events,” Genia defined. The arrival of colonisers marked a turning point in the nation’s economic historical past, resulting in the introduction of up to date currencies on 19 April 1975. “These modern currencies served as each economic devices and nationwide Business News emblems of our independence and unity as a nation,” Genia famous. She provided 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 valuable sort of shell utilized in trade and traditional bride worth ceremonies within the Motuan Coastal villages.

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The Bank of Papua New Guinea officially launched the Kina and Toea Exhibition, a display celebrating the nation’s wealthy economic historical past and the fiftieth 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 6 September 2024 on the National Museum & Art Gallery in Port Moresby. The exhibition provided a possibility to discover the fascinating historical past of PNG currency and its unique place in the nation’s development. Displaying cultural richness and diversity, attendees were reminded of the importance of forex as a mirrored image of PNG identity, values, and traditions.

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