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The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and officially declared the exhibition open on behalf of the Governor of BPNG, Elizabeth Genia, in her absence. “It is an honour to stand before 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 fiftieth anniversary celebrations,” Governor Genia said. She highlighted that the event is especially important because it precedes the 50th anniversary of both the country’s currency and the nation itself. Governor Genia additionally launched the Bank’s Vision 2050, launched consistent with the anniversary celebrations. Shells, particularly the Kina and Toea, weren’t solely mediums of trade but in addition symbols of wealth, social standing, 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 different significant ceremonies and occasions,” Genia defined.
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The exhibition was designed to take attendees on a journey via PNG’s historical past, showcasing photographs of uncommon artefacts, coins, and notes that have shaped the country’s economic system. The launch was attended by distinguished visitors, companions, stakeholders, the employees and administration of BPNG, and the media. Santos has introduced the signing of a mid-term LNG provide 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.