Business News

Commemorative Currency Launched by BPNG


By Lorraine Genia – EM TV, Port Moresby 

The Bank of Papua New Guinea today launched the commemorative notes and coins, commemorating two key occasions this year, the 2015 Pacific Games, and Papua New Guinea’s 40th year of independence.

Minister for Treasury, Patrick Pruaitch, unveiled the 10 Kina note and 50 Toea coin commemorating the Pacific Games and the K20 marking PNG’s 40th independence.

These notes will begin circulation, next month. The K10 note and 50t coin has been designed to commemorate the 2015 Pacific Games.

The K10 note has an overprint of the Pacific Games logo, while one side of the 50 toea coin has the Games Logo, in colour. And the K20 note, will have PNG’s signatory Bird of Paradise emblem embedded on the note, commemorating Papua New Guinea’s40 years of independence.

With fraudulence and counterfeit a potential issue, Governor for the Bank of Papua New Guinea, Loi Bakani, assured, there are security features, on the limited commemorative notes, which are to be circulated next month.

Speaking in regards to the 2015 Pacific Games, Minister for Sport and 2015 Pacific Games, Justin Tkatchenko, commended the Bank of PNG and the government, for their combined effort in embracing the games, and signifying it as an important event for Papua New Guinea.


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