29/04/2025
"""""""Good to Honour the Legends""""
Prime Minister Marape Pays Tribute to Late Sir Julius Chan and Unveils Plans for a K100 Note in His Honour
Port Moresby, Monday, 28 April 2025 –
Prime Minister Hon. James Marape today announced that Papua New Guinea will honour the late Sir Julius Chan, one of the nation’s founding leaders, with the issuance of a new K100 banknote bearing his image — a historic tribute to a man regarded as the chief architect of PNG’s financial system.
Speaking during a commemorative event in Port Moresby marking the 50th anniversary of the Kina and Toea, Prime Minister Marape paid special respect to Sir Julius Chan, who was recently laid to rest in his beloved Tanga Island in New Ireland Province.
“Sir Julius Chan was a towering figure in our country’s history. He built the financial foundations that still support our economy today,” said Prime Minister Marape.
“On behalf of the nation, I take this time to pay him a special tribute. Cabinet has already approved the proposal to issue a K100 note bearing his image, to be launched before our Independence Day celebrations on September 16.”
Prime Minister Marape acknowledged Sir Julius’ children, Vanessa, Mark and Toea and thanked them for sharing their father with the nation. He noted that Sir Julius had earlier declined the idea of a currency bearing his image while he was alive, requesting that it be considered only after his passing.
