28/08/2025
Breaking News
Prime Minister Launches New K100 Banknote Honouring Grand Chief Sir Julius Chan
Port Moresby | Thursday, 28 August 2025
It’s official – Papua New Guinea has unveiled a brand-new K100 banknote featuring the portrait of Grand Chief Sir Julius Chan, the nation’s first Finance Minister, second Prime Minister, and widely recognised as the Father of the Kina and Toea.
Prime Minister James Marape launched the note this evening in Port Moresby, describing it as a “historic tribute to one of the great architects of our nation’s economic independence.”
The new banknote, issued by the Bank of Papua New Guinea, will officially enter circulation tomorrow, Friday 29 August 2025.
Sir Julius, who played a pivotal role in the establishment of PNG’s currency in 1975, was honoured for his lasting contributions to the nation’s economy, leadership, and sovereignty.
This marks the first time a living PNG statesman has been featured on the country’s currency, setting a precedent in celebrating leaders whose legacies have shaped the nation’s journey.