Papua New Guinean kina
| |||||
| ISO 4217 | |||||
|---|---|---|---|---|---|
| Code | PGK (numeric: 598) | ||||
| Subunit | 0.01 | ||||
| Unit | |||||
| Plural | kina | ||||
| Symbol | K | ||||
| Denominations | |||||
| Subunit | |||||
| 1/100 | toea | ||||
| Plural | |||||
| toea | toea | ||||
| Banknotes | 2, 5, 10, 20, 50, 100 kina | ||||
| Coins | |||||
| Freq. used | 5, 10, 20, 50 toea and 1 kina | ||||
| Rarely used | 1, 2 toea | ||||
| Demographics | |||||
| User(s) | Papua New Guinea | ||||
| Issuance | |||||
| Central bank | Bank of Papua New Guinea | ||||
| Website | www.bankpng.gov.pg | ||||
| Valuation | |||||
| Inflation | 2.5% | ||||
| Source | The World Factbook, 2006 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 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 |
| From Yahoo! Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD |
| From XE.com: | AUD CAD CHF CNY EUR GBP HKD JPY USD |
| From OANDA: | AUD CAD CHF CNY EUR GBP HKD JPY USD |
References
- ^ Bank of Papua New Guinea - Currency Retrieved on 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)
External links
- Bank of Papua New Guinea PDF
- Ron Wise's Directory of World Paper Money
- Papua New Guinea Paper Money
- Don's World Coin Gallery of Papua New Guinea
| 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 |