Papua New Guinean Kina | Papua New Guinea

Papua New Guinean Kina

Papua New Guinean kina:

The kina is the official currency of Papua New Guinea. It is subdivided into 100 toea. On 19 April 1975, the kina was introduced by replacing the Australian dollar at par. Kina name comes from the Kuanua language of the Tolai region and refers to a precious pearl shell used widely for buying and selling in the area.

Coins were introduced in 1975 in the denominations of 1, 2, 5, 10 and 20 toea and 1 kina. In 1980, 50 toea coins were introduced, but they were intended for commemorative form without a standard design. 1 and 2 toea coins were withdrawn in 2006 and 2 kina bimetallic coin was intended to replace the 2 kina note in 2008.

Bank notes were introduced on 19 April 1975 in the denominations of 2, 5 and 10 kina. 20, 50, 100 bank notes were introduced in 1977, 1988, 2005 respectively. A new issue of banknotes has been effected resulting in  50 kina in 1999, 100 kina in 2005, 2 and 20 kina in 2007 and 5 and 10 kina in 2008.

Papua New Guinean Kina

Papua New Guinean Kina (Papua New Guinea):

Code: PGK

Symbol: K

Subunit:

1/100 = toea

Banknotes:

2, 5, 10, 20, 50, 100 kina

Coins:

5, 10, 20, 50 toea, 1 kina

Central bank:         

Bank of Papua New Guinea

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