PNG to Feature Sir Julius Chan on New K100 Note for 50th Independence

To honor its 50th Independence Anniversary, Papua New Guinea will feature former Prime Minister Sir Julius Chan on a new K100 banknote. This tribute will be part of the commemorative activities leading up to PNG’s Independence Day on September 16. Sir Julius, renowned for his role as the country’s first finance minister, spearheaded the establishment of the local currency, replacing the Australian dollar with the kina and toea in 1975.

Current Prime Minister James Marape acknowledges Sir Julius as a foundational figure who contributed significantly by creating the financial baseline for PNG’s sovereignty. Julius Toea Chan, Sir Julius’s youngest son, expressed gratitude on behalf of the family, stating that though his father never sought acknowledgment during his life, this recognition is a profound honor.

The new banknote will circulate in the coming year, as stated by the Bank of Papua New Guinea’s Governor Elizabeth Genia. As PNG approaches its milestone, leaders emphasize reflecting on history while advancing the national identity and honoring the legacy of leaders like Sir Julius, who have shaped the nation.

The decision to commemorate Sir Julius on the banknote coincides with the broader context of honoring his substantial contributions to the nation, as highlighted in previous news of his passing. He was a pivotal figure in PNG’s political evolution, remembered for his economic insights and efforts to integrate local decision-making systems into governance, notably through the MaiMai chieftain system. Throughout his career, Sir Julius faced significant challenges and controversies, including the Bougainville crisis and the Sandline Affair, yet his efforts in promoting economic development, infrastructure projects, and political resilience continue to resonate.

This commemoration on the K100 banknote is not merely about recognizing a political legacy but also about fostering a sense of unity and identity as PNG looks forward to its next 50 years of independence. In practice, the note serves as a symbol of national pride and collective achievement, reminding citizens of the visionary leaders who paved the path for modern Papua New Guinea.