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“These contemporary currencies served as both financial devices and nationwide 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 found 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 valuable type Business News of shell used in commerce and traditional bride price ceremonies within the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to maintaining belief and confidence in physical forex, even as international developments shift in the path of digital currencies and digital funds.

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