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The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to 6 September 2024 on the National Museum & Art Gallery in Port Moresby. The exhibition provided an opportunity to explore the fascinating history of PNG forex and its unique place in the nation’s improvement. Displaying cultural richness and variety, attendees had been reminded of the significance of forex as a mirrored image 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 before you today as we open the Kina and Toea Exhibition, a showcase of our nation’s rich and evolving economic history as part of the Bank’s fiftieth anniversary celebrations,” Governor Genia mentioned. She highlighted that the event is especially important as it precedes the 50th anniversary of each the nation’s forex and the nation itself.
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Governor Genia additionally introduced the Bank’s Vision 2050, launched consistent with the anniversary celebrations. Shells, notably the Kina and Toea, were not solely mediums of trade but in addition symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell cash also represented social standing, and it was utilized in marriages, deaths, and other vital ceremonies and occasions,” Genia explained. The arrival of colonisers marked a turning level in the nation’s financial history, resulting in the introduction of up to date currencies on 19 April 1975. “These up to date currencies served as each financial devices and nationwide emblems of our independence and unity as a nation,” Genia noted. She offered 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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