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Revision as of 16:34, 28 March 2007

Papua New Guinean kina
File:PNG $20 note, polymer.jpg File:Fiftykina.jpg
20 kina banknote50 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
Coins
 Freq. used5, 10, 20, 50 toea and 1 kina
 Rarely used1, 2 toea
Demographics
User(s)Papua New Guinea
Issuance
Central bankBank of Papua New Guinea
 Websitewww.bankpng.gov.pg
Valuation
Inflation2.5%
 SourceThe World Factbook, 2006 est.

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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 New Guinea.

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 was holed. In 1980, 50 toea coins were introduced.[1]

Banknotes

In 1975, notes were introduced for 2, 5 and 10 with 20 kina introduced in 1977. 50 kina nites were introduced in 1989, followed by 100 kina in 2005. Since 1991, nearly all Papua New Guinean notes 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 - Currency". Retrieved 2007-03-20.
  • Chester L. Krause & Cliffor Mischler (1991). Colin R. Bruce II (ed.). Standard Catalog of World Coins: 1801-1991 (18th ed. ed.). Krause Publications. ISBN 0-87341-150-1. {{cite book}}: |edition= has extra text (help)
  • Albert Pick (1994). Neil Shafer & Colin R. Bruce II (ed.). Standard Catalog of World Paper Money, General Issues (7th ed. ed.). Krause Publications. ISBN 0-87341-207-9. {{cite book}}: |edition= has extra text (help)

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