The Bank of Papua New Guinea announced the issuance of a new 100 kina banknote. This issuance is dedicated to the anniversary of the death of Sir Julius Chan, who served as the country's Prime Minister three times. The banknote honors the memory of this prominent politician, whose decisions shaped the modern financial landscape of Papua New Guinea. The launch took place in Port Moresby. Bank Governor Elizabeth Genia emphasized that the new bill reflects the qualities that defined Sir Julius's public life: discipline, care, and respect.

Front Side Design

The front of the banknote features the Parliament House, symbolizing the country's sovereignty and national identity. Also present is the national emblem of Papua New Guinea: a bird of paradise perched on a Kundu drum and a spear. These elements are retained from previous designs, highlighting the constancy of state symbols.

Back Side Design

The reverse side contains a portrait of Sir Julius Chan, surrounded by symbols of traditional trade. These include: a toea armband, a kina shell pectoral, a lakatoi (traditional boat), and a shark caller. These elements illustrate the history of Papua New Guinea as a trading nation even before the introduction of modern currency. The shark caller from New Ireland and the traditional canoe symbolize courage, skill, and leadership. The lakatoi in the distance reflects historical trade routes and the country's outward-looking future.

Symbolism and Meaning

According to Governor Elizabeth Genia, the symbols on the banknote are not merely decorative – they hold deep meaning. "The shark caller from New Ireland and the traditional canoe speak of courage, skill, and leadership. The lakatoi sailing in the distance reflects both our historical trade routes and our outward-looking future," she noted during the presentation. This banknote is a permanent design, introducing the portrait of Sir Julius as an element of remembrance for his contribution to the nation's development.

Introduction into Circulation

The new 100 kina banknotes have been introduced into circulation. They are legal tender and will gradually replace the previous series notes. Both designs remain in circulation and have the same value. The issuance is carried out gradually, ensuring a smooth transition. The Bank of Papua New Guinea emphasizes the importance of maintaining confidence in the national currency through such updates.

Vitalii Cherniuk - CEO World Banknote Store