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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.
The determination taken on the board meeting permits for multiple …
