Jump to content

Papua New Guinean kina: Difference between revisions

From Wikipedia, the free encyclopedia
Content deleted Content added
VolkovBot (talk | contribs)
Removing deleted image
Line 2: Line 2:
| image_1 = PNG $20 note, polymer.jpg
| image_1 = PNG $20 note, polymer.jpg
| image_title_1 = 20 kina banknote
| image_title_1 = 20 kina banknote
| image_2 = Fiftykina.jpg
| image_2 =
| image_title_2 = 50 kina banknote
| image_title_2 = 50 kina banknote
| iso_code = PGK
| iso_code = PGK

Revision as of 21:47, 4 March 2008

Papua New Guinean kina
File:PNG $20 note, polymer.jpg
20 kina banknote
ISO 4217
CodePGK (numeric: 598)
Subunit0.01
Unit
Pluralkina
SymbolK
Denominations
Subunit
 1/100toea
Plural
 toeatoea
Banknotes2, 5, 10, 20, 50, 100 kina
Coins5, 10, 20, 50 toea, 1 kina
Demographics
User(s) Papua New Guinea
Issuance
Central bankBank of Papua New Guinea
 Websitewww.bankpng.gov.pg
Valuation
Inflation1.8%
 SourceThe World Factbook, 2007 est.

The kina (ISO 4217 code: PGK) is the currency of Papua New Guinea. It is divided in 100 toea. The kina was introduced on 19 April 1975, replacing the Australian dollar at par. The name comes from the kina shell, which was traditionally used as currency in the Papuan region of the country.

For earlier currencies used in Papua New Guinea, see New Guinea pound and New Guinea mark.

Coins

In 1975, coins were introduced for 1, 2, 5, 10 and 20 toea and 1 kina. The 1 and 2 toea were minted in bronze, with the others in cupro-nickel. The 1 kina is round and holed in the centre, this denomination was reduced in size starting from 2006 along with the withdrawal of the 1 and 2 toea coins and as from the 19 April 2007 is no longer legal tender .[1].

In 1980, 50 toea coins were introduced but only issued in commemorative form without a standard design.[2]

Banknotes

On 19 April 1975, notes were introduced for 2, 5 and 10 kina that replaced the Australian dollar at par, so the colour scheme was the same. They circulated along with the dollar until the 1 January 1976 when the dollar ceased to be legal tender. The 20 kina was introduced in 1977, 50 kina in 1990, followed by 100 kina in 2005. All colouration of the individual denominations are the same as current and former Australian decimal currency. Starting from 1991, nearly all current Papua New Guinean banknotes except the 5 kina have been produced in polymer rather than on paper.

Current PGK exchange rates
From Google Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD SGD
From Yahoo! Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD SGD
From XE.com: AUD CAD CHF CNY EUR GBP HKD JPY USD SGD
From OANDA: AUD CAD CHF CNY EUR GBP HKD JPY USD SGD

See also

References

  1. ^ Bank of Papua New Guinea. "Notes and coins of Papua New Guinea - Currency". Retrieved 2007-05-29.
  2. ^ Bank of Papua New Guinea. "50 toea coin". Retrieved 2007-05-29.

Template:Standard numismatics external links

Preceded by:
Australian dollar
Reason: independence
Ratio: at par
Currency of Papua New Guinea
19 April 1975
Concurrent with: Australian dollar until 1 January 1976
Succeeded by:
Current