BPNG’s Award for Excellence Officially presented at Note Printing Australia (NPA), Melbourne- K100 Commemorative Banknote (2018 APEC)

The Bank of Papua New Guinea’s achievement as a Finalist in the globally recognised IACA Awards for Excellence was today recognised at Note Printing Australia when the CEO, Mr Malcolm McDowell officially presented the award to Deputy Governor, Mr 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 we rely and trust 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.”

The 2018 Award category received a record of 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.