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The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to six September 2024 at the National Museum & Art Gallery in Port Moresby. The exhibition supplied an opportunity to explore the fascinating history of PNG forex and its distinctive place within the nation’s growth. Displaying cultural richness and variety, attendees had been reminded of the importance of currency as a mirrored image of PNG identity, values, and traditions.

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The Minister also proposed a new co-location strategy for key companies concerned in tourism and cultural promotion, aiming to streamline operations and improve service supply. He underscored the necessity for regulatory frameworks to protect PNG’s cultural heritage, advocating for the patenting of local designs and products to make sure they are authentically represented. Namah stressed the importance of marketing PNG’s tourism internationally and the need for elevated government investment in the sector. “If we need to join PNG, we must additionally prioritize tourism alongside agriculture, forestry, and fisheries,” he concluded. The Minister’s vision is to see this initiative expand across all 22 provinces, empowering local communities and enhancing the tourism landscape in Papua New Guinea. The heart aims to supply essential training, registration, and help for native artisans, tour operators, and different small stakeholders within the tourism trade.

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In support of small and medium enterprises within the tourism sector, the PNG Tourism Promotion Authority and the Ministry of Tourism, Art and Culture officially launched the Tourism Business Incubation Center on September 27th in Port Moresby. Key figures, together with the Minister for Tourism, Arts, and Culture, Hon. Belden Namah, TPA CEO Eric Mossman Uvovo, National Cultural Commission CEO Steven Enomb Kilanda, and NCDC Governor Hon. Namah emphasized the very important position of small companies in the nation’s financial development in his keynote tackle, as he expressed gratitude to participants for his or her contributions to the country’s progress. Namah mirrored on the necessity for financial independence, acknowledging the political basis laid by the country’s founding fathers. The Minister acknowledged the proactive efforts of the Governor of the nation’s capital, highlighting Hon.

Governor Genia additionally launched the Bank’s Vision 2050, launched according to the anniversary celebrations. Shells, significantly the Kina and Toea, weren’t solely mediums of trade but additionally 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 used in marriages, deaths, and different important ceremonies and events,” Genia explained. The arrival of colonisers marked a turning point in the country’s financial historical past, resulting in the introduction of latest currencies on 19 April 1975.