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Governor Genia expressed the Bank’s ongoing dedication to sustaining trust and confidence in bodily currency, even as global tendencies shift towards digital currencies and digital payments. “This exhibition provides a novel alternative to reflect and appreciate how far we now have come and to contemplate how we are ready 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 historical past, showcasing images of uncommon artefacts, coins, and notes that have formed the country’s economic system. The launch was attended by distinguished visitors, partners, stakeholders, the employees and management of BPNG, and the media.

A new report says August rental rates fell in some of Canada’s largest and priciest markets to continue a months-long development whereas costs rose in smaller markets. October 7, 2024 • The U.S. economy is respiration a little simpler after the International Longshoremen’s Association reached a tentative settlement final week with the United States Maritime Alliance. The short-lived dockworkers strike reignited a debate over whether Business News or not the president ought to intervene, invoking an old law on the books called the Taft-Hartley Act. On at present’s show, we clarify what the Taft-Hartley Act is, why it was created and why it is still scorned by unions.

Each week we alternate between an interview with a company leader and an trade deep dive. Sit down for lunch and stroll away with a recent tackle the share market, firms you can put money into, and the way ahead for business. News concerning the Philippine Stock Exchange, worldwide capital markets, and the banking industry. The Reserve Bank of India has saved its key interest rate unchanged for the tenth consecutive time, its governor Shaktikanta Das introduced today,while retaining India’s actual GDP progress forecast at 7.2 per cent for the present financial 12 months. New Zealand’s central financial institution cuts charges by 0.5 share factors, and economists say more cuts are coming.

A New York Federal Reserve survey revealed on Monday discovered that many American customers count on inflation to stay abnormally high within the coming years. The upcoming mannequin of Apple’s smartwatch will have a bigger display and a number of new features, the tech big announced Monday throughout its “Glowtime” event. According to court docs obtained by Fox News Digital, Tempo Music Investments, which owns a share of the copyright for considered one of Bruno Mars’ hit songs, is suing Miley Cyrus for “striking similarities” in her in style track “Flowers.” As the united states commerce consultant, Katherine Tai is legally required to keep away from discussing this year’s presidential election.

This materials will not be revealed, broadcast, rewritten, or redistributed. JPMorgan Chase & Co. chief government Jamie Dimon says he’s still contemplating whether or not he’ll make an endorsement for the presidential election next month. The oil marketing corporations on Tuesday announced a hike in the prices of commercial LPG gas cylinders, effective from today , in accordance with the sources.

Shells, notably the Kina and Toea, were not only mediums of trade but also symbols of wealth, social standing, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell cash additionally represented social status, and it was utilized in marriages, deaths, and different important ceremonies and events,” Genia defined. The arrival of colonisers marked a turning level in the nation’s financial history, leading to the introduction of up to date currencies on 19 April 1975. “These up to date currencies served as each economic instruments and national emblems of our independence and unity as a nation,” Genia famous. She provided insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present 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 priceless type of shell used in commerce and traditional bride worth ceremonies within the Motuan Coastal villages.