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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. The exhibition supplied a possibility to discover the fascinating historical past of PNG forex and its distinctive place within the nation’s improvement. Displaying cultural richness and variety, attendees were reminded of the significance of foreign money as a reflection of PNG id, values, and traditions. The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and officially declared the exhibition open on behalf of the Governor of BPNG, Elizabeth Genia, in her absence. “It is an honour to face before you right now as we open the Kina and Toea Exhibition, a showcase of our nation’s wealthy and evolving financial historical past as a part of the Bank’s 50th anniversary celebrations,” Governor Genia stated. She highlighted that the occasion is particularly significant as it precedes the fiftieth anniversary of both the country’s foreign money and the nation itself.

New Zealand’s central financial institution cuts charges by 0.5 proportion factors, and economists say more cuts are coming. A new report says August rental charges fell in some of Canada’s largest and priciest markets to proceed a months-long development while prices rose in smaller markets. October 7, 2024 • The U.S. economy is respiration slightly simpler after the International Longshoremen’s Association reached a tentative agreement last week with the United States Maritime Alliance. The short-lived dockworkers strike reignited a debate over whether or not the president ought to intervene, invoking an old regulation on the books known as the Taft-Hartley Act.

The arrival of colonisers marked a turning level within the nation’s financial history, resulting in the introduction of latest currencies on 19 April 1975. “These up to date currencies served as each financial instruments and nationwide emblems of our independence and unity as a nation,” Genia noted. She provided insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is found in both 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 useful sort of shell utilized in trade and conventional bride price ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing dedication to maintaining belief and confidence in physical currency, at the same time as global tendencies shift in direction of digital currencies and digital payments.

As the climate cools down across Canada, so too is the cottage market, with real property consultants saying nows the time to buy that cottage you’ve had your eyes on. While the RRSP as a retirement car has obvious benefits Business News, additionally they include pitfalls that can have an result on your long-term financial health. Personal finance contributor Christopher Liew explains how RRSPs work and outlines some of their drawbacks.

October 2, 2024 • TikTok may start shutting down in the U.S. as soon as January 19 of next 12 months. The company is asking a panel of federal judges to block the regulation in a high-profile case that pits free speech versus national safety. Today on the show, how TikTok received so far and what we will count on from the app’s last ditch effort to stay alive in the U.S. China is “fully confident” of attaining the full-year economic development target this 12 months, the country’s state planner mentioned while pledging measures to support the property market. The government has fired up investors by encouraging banks to lend more to patrons of stocks and real estate, however officers refrained on Tuesday from promising more stimulus. An undercover investigation found that California tenants who held Section eight housing vouchers have been refused rental contracts by greater than 200 landlords, together with major real estate firms.

Reece Edwards had sufficient saved for a home deposit when he was 20, but spent the money on different experiences as a substitute. While some may see that as a “monetary catastrophe”, he has a different take. UOB, considered one of city-state’s oldest lenders, hits candy spot with youth throughout the area after buying Citibank’s client banking operations and partnering with international superstar Taylor Swift. Xi Jinping’s major fiscal stimulus bundle, which could have capitalised on the big bounce in the sharemarket, has up to now did not materialise. The firm chief runs a private messy-desk coverage on the workplace. Govt’s pausing of tasks and economic downturn have had a devastating influence.