Melbourne, AUSTRALIA – The Bank of Papua New Guinea’s achievement as a Finalist in the globally recognised IACA Awards for Excellence was today formalised at Note Printing Australia when CEO Malcolm McDowell officially presented the award to BPNG’s Deputy Governor Joseph Teria on behalf of IACA – the International Association of Currency Affairs.
The award recognised the Bank’s issue of the new K100 banknote, with the commemorative 2018 APEC Summit overprint, in the category of ‘Best New Commemorative or Limited Circulation Banknote’. Along with the K50, the K100 also featured the world’s first application of a SPARK® Live TRUSPIN feature contained within the large window area.
“It takes courage to embrace innovation, to address the fear of failure. But we had confidence in our partner and you rely on their expertise to make the banknote a reality,” said Mr Teria, in reference to NPA.
“Papua New Guinea is the land of the unexpected – you often never know what to expect – and there is much to be proud of in our nation,” he continued. “After winning an international award for one of our coins in 2016, the Bank is pleasantly surprised to be recognised for the K100 banknote.”
This year’s category received a record 10 nominations, with BPNG being short-listed as one of three Finalists.
“These awards are a celebration of the endeavour of pursuing excellence in the delivery of a new banknote, and to that end this award recognises that the K100 was a leader in its class in 2018,” said NPA’s CEO, Malcolm McDowell.
NPA CEO Malcolm McDowell officially presents the IACA Award for Excellence to BPNG Deputy Governor Joe Teria after the nation’s new K100 note was recognised as a Finalist for the Best New Commemorative or Limited Circulation Banknote