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Shells, particularly the Kina and Toea, weren’t only mediums of commerce but additionally symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell money also represented social status, and it was used in marriages, deaths, and different important ceremonies and events,” Genia explained. The arrival of colonisers marked a turning level within the country’s economic history, leading to the introduction of contemporary currencies on 19 April 1975.

The arrest came amid yet more high-profile departures from Adams’ administration as federal prosecutors delve deeper into allegations that the mayor was concerned in a coverup. Florida fuel stations struggled to keep up with demand Tuesday as long traces and empty pumps compounded the stress for residents planning to hunker down or flee as Hurricane Milton approached the state’s western coast. The Dominican Republic said Tuesday it has deported or repatriated almost 11,000 Haitians in the past week, fulfilling a pledge to take action weekly as neighboring Haiti scrambles to handle Business News the inflow whereas besieged by gang violence and poverty. On September 11, Madeleine Gervais was the sufferer of a theft in Ottawa’s west end. It happened within the Loblaws parking lot in College Square, when she was approached by a person and a girl who insisted to help her load her groceries into her automotive. The British Columbia authorities is capping the utmost allowable lease enhance at three per cent next 12 months, down from the three.5 per cent hike allowed in 2024.

“These up to date currencies served as each financial instruments and national emblems of our independence and unity as a nation,” Genia famous. She offered 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 valuable type of shell used in commerce and traditional bride value ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing dedication to sustaining belief and confidence in physical foreign money, even as global developments shift towards digital currencies and electronic payments. “This exhibition provides a novel alternative to mirror and recognize how far we now have come and to contemplate how we can continue to honour our heritage whereas embracing the longer term,” she said. The exhibition was designed to take attendees on a journey through PNG’s history, showcasing images of uncommon artefacts, cash, and notes which have formed the country’s economy.

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ICRA stated that non secular tourism and Tier 2 cities are expected to contribute meaningfully to the general demand within the subsequent fiscal. Pan-India, average room charges are anticipated to be around Rs 7,800 to Rs 8,000 in the monetary year 2025. Business Today is one of Kenya’s leading business news group, reputed for its authority, accuracy and professionalism. UOB, considered one of city-state’s oldest lenders, hits candy spot with youth across the area after shopping for Citibank’s consumer banking operations and partnering with international superstar Taylor Swift. Retirement village residents and their households have backed requires harder regulation of the sector, with one saying contracts ought to carry a cigarette-style financial health warning and another saying the business is a “black hole”.

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