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“Deeply embedded in our traditions and cultural practices, shell money also represented social standing, and it was used in marriages, deaths, and other significant ceremonies and occasions,” Genia explained. The arrival of colonisers marked a turning point in the nation’s financial historical past, resulting in the introduction of latest currencies on 19 April 1975. “These contemporary currencies served as both economic instruments and nationwide emblems of our independence and unity as a nation,” Genia noted. She supplied 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 offered an opportunity to discover the fascinating historical past of PNG foreign money and its unique place in the nation’s improvement. Displaying cultural richness and diversity, attendees were reminded of the significance of foreign money as a reflection of PNG id, values, and traditions. The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and formally Business News declared the exhibition open on behalf of the Governor of BPNG, Elizabeth Genia, in her absence. “It is an honour to face before you at present as we open the Kina and Toea Exhibition, a showcase of our nation’s wealthy and evolving economic historical past as a part of the Bank’s fiftieth anniversary celebrations,” Governor Genia mentioned.

Today on the show, how an effort to offer döner kebabs a protected standing underneath a little-known EU regulation might dish out some real financial penalties, in Germany and past. October four, 2024 • U.S. employers added more than 1 / 4 million jobs in September, while the unemployment rate fell to four.1%. October 4, 2024 • NPR investigated a crypto scam company often recognized as SpireBit, which stole lots of of thousands of dollars from Russian-speaking seniors. Now, a number of the victims are getting their a refund after a lawsuit by Massachusetts authorities.

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Business Today is considered one of Kenya’s main business news group, reputed for its authority, accuracy and professionalism. Xi Jinping’s main fiscal stimulus bundle, which could have capitalised on the large bounce in the sharemarket, has thus far failed to materialise. One in eight girls might be identified with invasive breast cancer of their lifetimes, according to the American Cancer Society. Breast cancer is the second leading cause of cancer demise for girls in the United States, with 42,000 ladies dying yearly from this most cancers. A new report from the Canadian Chamber of Commerce is sending a stark warning forward of the U.S. presidential election, saying protectionist policies like Donald Trump’s proposed tariffs could damage economies on both sides of the border.