The Bank of Papua New Guinea (BPNG) unveiled today the official designs for new commemorative currency, a 50 Kina banknote and a 50 Toea coin. The new note and coin, which have been designed to mark the nation's upcoming 50th Independence Anniversary. The K50 note and 50t coin will be released into circulation later this year to coincide with Independence Day. The design launch event, held at the APEC Haus in Port Moresby, highlighted the cultural and historical significance of the Kina and Toea. Bank of PNG Governor Elizabeth Genia emphasized the importance of Papua New Guinea's own currency in the nation's journey to Independence, recognizing the true independence required more than political change but also demand economic sovereignty. "It is a great honor to join you in commemorating two important national milestones, the 50th Anniversary of Papua New Guinea's independence and the 50th Anniversary of our national currency, " Governor Genia said. The 50 Kina banknote and a 50 Toea coin will both enter circulation in August ahead of Independence Day in September. Governor Genia said the commemorative 50 Kina banknote and 50 Toea coin are designed to reflect the cultural and natural beauty of Papua New Guinea. "Featuring iconic symbols that embody the spirit of the nation. Both currencies Feature the 50th Anniversary Logo, connecting these new designs to commemorative events across the country throughout the Anniversary year, " she added.