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“These contemporary currencies served as both financial devices and nationwide emblems of our independence and unity as a nation,” Genia noted. She provided insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is found 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 useful type of shell utilized in commerce and traditional bride price ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to maintaining belief and confidence in bodily forex, whilst international …

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This service may embrace material from Agence France-Presse , APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and can’t be reproduced. We acknowledge Aboriginal and Torres Strait Islander peoples because the First Australians and Traditional Custodians of the lands the place we stay, study, and work. Dozens of jobs are anticipated to be misplaced at Esperance Port in Western Australia’s south after a collection of blows to the state’s mining sector. Brisbane’s worldwide airport is getting a facelift as part of a $5 billion plan to improve the space over the following decade. Indonesia’s public rail …

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