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The Bank of Papua New Guinea officially launched the Kina and Toea Exhibition, a display celebrating the nation’s wealthy economic historical past and the 50th anniversary of Papua New Guinea’s forex. This occasion, held as part of the Bank’s fiftieth anniversary celebrations, coincides with the upcoming 50th 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.

Governor Genia additionally introduced the Bank’s Vision 2050, launched consistent with the anniversary celebrations. Shells, particularly the Kina and Toea, were not solely mediums of trade but additionally symbols of wealth, social standing, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell money additionally represented social status, and it was used in marriages, deaths, and different important ceremonies and occasions,” Genia explained. The arrival of colonisers marked a turning level in the country’s financial historical past, leading to the introduction of up to date currencies on 19 April 1975.

News and analysis on business, cash and jobs from Munster and past by our professional group of business writers. Cork plant hire firm acquired in a deal worth €33m Key members of the CPH senior administration team will retain a minority curiosity and stay with the business. Lindsay MacCallum embezzled money from the charity arrange in memory of Angela MacVicar’s daughter. The doctor denies figuring out who Lucy Letby was until he was asked to apologise to her seven months later.

Food and grocery delivery major Swiggy has obtained capital markets regulator Sebi’s clearance to launch its a lot anticipated Initial Public Offering , sources mentioned on Wednesday. Are you struggling to create a price range that fits your life and schedule? Personal finance contributor Christopher Liew shares some easy budgeting methods and offer some ideas that can help you create, and follow, a price range plan. Inflation and higher Business News rates of interest have eroded Canadians’ purchasing power since 2022, notably for lower-income households, a brand new report from the parliamentary price range officer has found. October eight, 2024 • A Brazilian Supreme Court justice approved the restoration of the social media platform’s service in Brazil, over a month after its nationwide shutdown, according to a court document.

Charlotte City Councilman Tariq Bokhari shared video of Lake Lure, describing it as “submit apocalyptic”. A capsule despatched to convey back two astronauts stranded on the International Space Station has docked. Officials have warned of the risk to life posed by the class 4 storm because it heads in the path of the US. October 2, 2024 • An appeals court docket sided with Uber, ruling a couple can’t sue over a near-fatal car crash as a end result of that they had agreed to Uber’s arbitration clause. October three, 2024 • The once-hot Silicon Valley startup has seen its stock’s worth decline 99% and is struggling to survive.

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