About the Papua New Guinean Kina
The Kina was introduced in 1975, replacing the Australian Dollar as Papua New Guinea gained full independence. The introduction of the Kina was a key step in establishing monetary sovereignty.
The name 'Kina' comes from the Kuanua language of the Tolai people, referring to a pearl shell used for trade. 'Toea' is a traditional arm-shell ornament.
Interesting Facts
Named After Traditional Currency
The names 'Kina' and 'Toea' are derived from traditional forms of currency used in Papua New Guinea for centuries, linking modern money to ancient trade practices.
A Nation of a Thousand Tribes
The banknotes showcase Papua New Guinea's incredibly diverse culture and natural environment, featuring traditional artifacts, wildlife, and indigenous people.
Resource-Rich Economy
Papua New Guinea is rich in natural resources, including gold, copper, oil, and natural gas. The Kina's value is significantly influenced by global commodity prices.
Historical Timeline
Papua New Guinea gains independence and introduces the Kina.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- PGK
- Symbol
- K
- Numeric Code
- 598
- Subunit
- Toea (1/100)
- Introduced
- 1975-04-19
Central Bank
- Name
- Bank of Papua New Guinea
- Headquarters
- Port Moresby, Papua New Guinea
- Founded
- 1973
- Current Governor
- Benny Popoitai (since 2023)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 3.5%
- Interest Rate
- 4.00%
Exchange Rates
What Affects the PGK Exchange Rate?
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