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The Bank of Papua New Guinea formally launched the Kina and Toea Exhibition, a display celebrating the nation’s rich financial historical past and the 50th anniversary of Papua New Guinea’s foreign money. This event, held as part of the Bank’s 50th anniversary celebrations, coincides with the upcoming fiftieth anniversary of PNG’s independence in 2025. The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to six September 2024 on the National Museum & Art Gallery in Port Moresby.
Shells, particularly the Kina and Toea, weren’t solely mediums of commerce but in addition symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell money also represented social status, and it was utilized in marriages, deaths, and different vital ceremonies and events,” Genia defined. The arrival of colonisers marked a turning point within the nation’s economic history, leading to the introduction of contemporary currencies on 19 April 1975. “These up to date currencies served as both financial devices and nationwide emblems of our independence and unity as a nation,” Genia famous. She offered insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present 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 sort of shell utilized in trade and conventional bride worth ceremonies within the Motuan Coastal villages.
“This oil-indexed contract, together with the recently executed long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan and the mid-term contract with Glencore, demonstrates Santos’ strong LNG portfolio position and customer relationships within the region. Our portfolio is well-balanced over the quick to medium time period, with round eighty p.c of volumes listed to oil Business News prices and about twenty p.c exposed to spot pricing,†Gallagher stated. “There continues to be extremely robust demand in Asia for high-heating-value LNG from initiatives corresponding to Barossa and PNG LNG, as international locations focus on reducing their carbon emissions.
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This materials is most likely not revealed, broadcast, rewritten, or redistributed. JPMorgan Chase & Co. chief executive Jamie Dimon says he is nonetheless contemplating whether he’ll make an endorsement for the presidential election next month. The oil advertising companies on Tuesday introduced a hike within the prices of commercial LPG gasoline cylinders, efficient from right now , in accordance with the sources.
A new report says August rental charges fell in a few of Canada’s largest and priciest markets to continue a months-long pattern while prices rose in smaller markets. October 7, 2024 • The U.S. financial system is breathing slightly easier after the International Longshoremen’s Association reached a tentative agreement last week with the United States Maritime Alliance. The short-lived dockworkers strike reignited a debate over whether the president must intervene, invoking an old regulation on the books known as the Taft-Hartley Act. On at present’s show, we clarify what the Taft-Hartley Act is, why it was created and why it’s nonetheless scorned by unions.