Tag: monetary

“These up to date currencies served as each economic devices and national 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 type of shell used in commerce and traditional bride value ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to sustaining trust and confidence in bodily forex, …