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Similarly, “Toea” refers to a valuable kind of shell utilized in trade and traditional bride worth ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing dedication to sustaining belief and confidence in bodily currency, even as world tendencies shift towards digital currencies and electronic payments. “This exhibition supplies a novel alternative to replicate and respect how far we’ve come and to think about how we are in a position to continue to honour our heritage whereas embracing the lengthy run,” she said. The exhibition was designed to take attendees on a journey through PNG’s history, showcasing photographs of rare artefacts, coins, and notes that have shaped the country’s financial system. The launch was attended by distinguished visitors, partners, stakeholders, the workers and administration of BPNG, and the media. Santos has introduced the signing of a mid-term LNG provide contract with TotalEnergies Gas & Power Asia Private Limited .

Food and grocery supply main Swiggy has received capital markets regulator Sebi’s clearance to launch its much anticipated Initial Public Offering , sources mentioned on Wednesday. The oil advertising firms on Tuesday introduced a hike within the prices of commercial LPG gas cylinders, efficient from today , in accordance with the sources. The Reserve Bank of India’s Monetary Policy Committee wrapped up its three-day deliberations today, deciding to take care of the repo rate at 6.5 per cent for the fourth consecutive time this fiscal 12 months and the tenth time general. October 2, 2024 • TikTok may start shutting down in the united states as quickly as January 19 of next 12 months.

This service might include material from Agence France-Presse , APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and can’t be reproduced. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands the place we stay, learn, and work. A lack of veterinarians in Bunbury has forced clinics to rethink the method in which they deliver providers for pet house owners. Australian Bureau of Statistics information shows approvals for dwellings in Australia has fallen 6.1 per cent, with the largest drop for approvals in medium and high-density properties.

October 8, 2024 • A Brazilian Supreme Court justice authorized the restoration of the social media platform’s service in Brazil, over a month after its nationwide shutdown, based on a courtroom document. All rights reserved.The BBC just isn’t answerable for the content of external websites.Read about our strategy to exterior linking. Two major Perth tech businesses are set to join forces to kind one of Australia’s largest providers of mission-critical software for high-risk industries. Consumer confidence, retail gross sales recover from Delta influence As the year-end vacation season approaches, the 2 indicators level to elevated family spending, which has lengthy been a key driver of economic exercise within the country.

“Deeply embedded in our traditions and cultural practices, shell money additionally represented social status, and it was utilized in marriages, deaths, and other important ceremonies and events,” Genia defined. The arrival of colonisers marked a turning point in the nation’s economic history, leading to the introduction of latest currencies on 19 April 1975. “These modern Business News currencies served as each economic instruments and national emblems of our independence and unity as a nation,” Genia noted. She offered insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present in each the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal regions.

Yesterday, Apple was sued in federal court docket by a category of plaintiffs alleging that the company engaged in unfair, misleading, and fraudulent business acts and fraudulent advertising. A photographer in Lake Stevens, Washington, has filed a lawsuit against the social media account “Zillow Gone Wild” after she alleged her photographs had been posted with out permission. The newest private pupil loan interest rates from the Credible marketplace, updated weekly.