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Governor Genia also launched the Bank’s Vision 2050, launched in line with the anniversary celebrations. Shells, particularly the Kina and Toea, were not only mediums of commerce but additionally symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell cash also represented social status, and it was utilized in marriages, deaths, and other important ceremonies and occasions,” Genia explained. The arrival of colonisers marked a turning point in the nation’s economic history, resulting in the introduction of contemporary currencies on 19 April 1975.

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The determination taken on the board meeting permits for multiple …

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Dr Wood’s speech comes amid a heated debate over the influence and effectiveness of the Reserve Bank’s monetary policy. First, it was the pandemic, now the cost-of-living crisis is taking a toll on Australia’s live music industry. England stoop to a 28-run defeat by Australia within the first T20 worldwide at Utilita Bowl. One of the country’s largest rivers reached its highest level in two decades on Wednesday. Reproduction of news articles, pictures, movies or any other content material in entire or partially in any type or medium with out express writtern permission of moneycontrol.com is prohibited. There are around …