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Governor Genia additionally launched the Bank’s Vision 2050, launched consistent with the anniversary celebrations. Shells, particularly the Kina and Toea, weren’t solely mediums of trade but additionally symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell money also represented social standing, and it was used in marriages, deaths, and other important ceremonies and occasions,” Genia defined. The arrival of colonisers marked a turning level in the nation’s financial history, resulting in the introduction of up to date currencies on 19 April 1975.
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