The objective of the paper is to provide an overview of currencies used by natives of Near Oceania in relation to three principal ways of its use. The author explains three main functions of currencies from Near Oceania on selected examples. The three main functions are as follows: standardized medium of exchange, bride-price, and sociopolitical exchange. These functions are demonstrated on selected types of currencies from East Sepik, Massim, Western Highlands, and West Papua. The author provides, in addition to the description of artefacts, interpretation of social and cultural context of its use.