Caption: (L) Mr Bakani cancelling a set of stamps to signify
the launch of the series as Masiboda guides him.
By MATTHEW VARI
Sunday, May 29, 2016 (Sunday Chronicle, PNG)
BANK of Papua New Guinea (BPNG) launched its stamp series of its commemorative notes and coins of the 15th Pacific Games and the 40th Independence Anniversary released last year, in Port Moresby.
The stamps were cancelled by Governor Loi Bakani to signify their issuance in Post PNG’s stamps series.
Philatelic (Stamps) Manager Banian Masiboda said that the official launch of Bank of Papua New Guinea’s coins and notes commemorative stamps was a partnership with BPNG that begun with the launching of the bank’s own 40th anniversary stamp in 2015.
Masiboda made reference to the trying times for the postal industry with the onslaught and evolvement of communication platforms.
“The devastating forces of technology today really disadvantages post PNG and we are thankful to the governor for the broad decision to continue to be behind us for second consecutive year.”
“People are not sending letters anymore now and it as really affected our business, which has not been going very well,” Masiboda said.
“We are now able to put our heads above water with our recent launched online shop, our e-commerce project, as stamps are not collected anymore now.”
He said with the innovative ideas of the e-commerce project ongoing they are able to have collectors from all around the world ordering 24 hours a day purchasing stamps.
Present to officially launch the stamp First Day Covers and Souvenir Sheets, Central Bank Governor Loi Bakani applauded the partnership between the Central Bank and Post PNG- also highlighting the innovativeness of the postal service provider in modernizing its operations amid the changing climate.
“Frankly it is very encouraging to see Post PNG venturing into new products using modern technology and ways of doing business.”
“We can all appreciate and know that these days you have to change the way you do business to survive in this very competitive world.”
“Congratulations to PPNG to taking right step and direction in new ways to be competitive in market,” Governor Bakani said.
He said the BPNG, over the years, had produced commemorative bank notes and coins to celebrate significant events either hosted in the country.
“Last year we hosted the 15th Pacific Games and BPNG produced commemorative notes and coins to mark that event and also to celebrate the 40th Independence Anniversary of Papua New Guinea.”
“Today we celebrate this significant event by launching the banks commemorative notes and coins stamps.”
“The notes and coins stamp issue is the second issue that Post PNG is consecutively releasing in partnership with the bank of Papua New Guinea,” he added.
He added the importance in keeping historical achievements in various memorabilia to reflect the country’s journey.
“Whist we have the opportunity these days I think it is important to reflect this history and some of the past events in ways that we can always remember them in the future.”
“This is where we are taking part and we see Post PNG as a good partner advancing this objective.”
“We will continue to venture into other areas, other products that will have the same objective of conserving some of these old events or past event, past designs, past items like in notes and coins,” he concluded.
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