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The exhibition was designed to take attendees on a journey via PNG’s history, showcasing photographs of uncommon artefacts, cash, and notes which have formed the country’s economic system. The launch was attended by distinguished guests, partners, stakeholders, the employees and management of BPNG, and the media. Santos has introduced Business News the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited . The contract entails the supply of 20 LNG cargoes, or up to approximately zero.5 million tonnes of LNG every year, over a period of three years plus one quarter.
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The Bank of Papua New Guinea officially launched the Kina and Toea Exhibition, a display celebrating the nation’s rich economic historical past and the 50th anniversary of Papua New Guinea’s foreign money. This event, held as part of the Bank’s 50th anniversary celebrations, coincides with the upcoming 50th 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 at the National Museum & Art Gallery in Port Moresby. The exhibition offered an opportunity to explore the fascinating historical past of PNG foreign money and its distinctive place within the nation’s growth. Displaying cultural richness and diversity, attendees were reminded of the importance of foreign money as a reflection of PNG identification, values, and traditions.
The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and formally declared the exhibition open on behalf of the Governor of BPNG, Elizabeth Genia, in her absence. “It is an honour to stand earlier than you at present as we open the Kina and Toea Exhibition, a showcase of our nation’s rich and evolving economic history as a half of the Bank’s 50th anniversary celebrations,” Governor Genia stated. She highlighted that the event is especially vital as it precedes the 50th anniversary of each the nation’s forex and the nation itself. Governor Genia also launched the Bank’s Vision 2050, launched according to the anniversary celebrations. Shells, particularly the Kina and Toea, were not only mediums of trade but additionally symbols of wealth, social standing, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell money additionally represented social standing, and it was used in marriages, deaths, and different important ceremonies and occasions,” Genia defined.
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