“These contemporary currencies served as each economic devices and national emblems of our independence and unity as a nation,” Genia noted. She supplied insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is found in each 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 sort Business News of shell utilized in commerce and conventional bride price ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to maintaining belief and confidence in bodily forex, at the same time as global trends shift in the path of digital currencies and electronic funds.