Examine individual changes

'{{update|date=September 2013}}<!--http://banknotenews.com/files/tag-papua-new-guinea.php--> {{About|the currency of Papua New Guinea|earlier currencies used in Papua New Guinea|New Guinean pound}} {{Infobox currency | image_1 = K50back.jpg | image_title_1 = Commemorative K50 Note | iso_code = PGK | using_countries = {{PNG}} | inflation_rate = 1.8% | inflation_source_date = ''[https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook]'', 2007 est. | subunit_ratio_1 = 1/100 | subunit_name_1 = toea | symbol = K | plural = kina | plural_subunit_1 = toea | used_coins = 5, 10, 20, 50 toea, 1, 2 kina | used_banknotes = 2, 5, 10, 20, 50, 100 kina | issuing_authority = [[Bank of Papua New Guinea]] | issuing_authority_website = {{URL|www.bankpng.gov.pg}} }} The '''kina''' ([[ISO 4217]] currency code: ''PGK'', the currency symbol: ''K'') is the [[currency]] of [[Papua New Guinea]]. It is divided into 100 ''toea''. The kina was introduced on 19 April 1975, and circulated along with the [[Australian dollar]] until 1 January 1976, when the dollar ceased to be legal tender. The name ''kina'' is derived from [[Kuanua]] language of the [[Tolai people|Tolai]] region, referring to a callable pearl shell used widely for trading in both the Coastal and Highlands areas of the country. ==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 [[cupronickel]]. The 1 kina is round and holed in the centre, this denomination was reduced in size starting from 2006, and the larger coin was demonetised from the 31 December 2008. 2008 also saw the introduction of a bimetallic 2 kina coin intended to replace the 2 kina note.<ref>{{cite web | author = [[Bank of Papua New Guinea]] | url= http://www.bankpng.gov.pg/images/stories/notices/pubnotk1.pdf | title = Withdrawal of Large Sized K1 Coin from Circulation| accessdate=2010-01-16}}</ref> The [[Withdrawal of low-denomination coins|withdrawal]] of the 1 and 2 toea coins also occurred in 2006 and as from the 19 April 2007 are also no longer legal tender. The obverse of a 1 toea coin displays a [[birdwing butterfly]], while a 2 toea coin has a [[lionfish]] on its obverse. <ref>{{cite web | author= [[Bank of Papua New Guinea]] | url= http://www.bankpng.gov.pg/index.php?option=com_content&task=blogcategory&id=0&Itemid=113 | title = Notes and coins of Papua New Guinea - Currency | accessdate=2007-05-29}}</ref> In 1980, 50 toea coins were introduced but only issued in commemorative form without a standard design.<ref>{{cite web | author = [[Bank of Papua New Guinea]] | url= http://www.bankpng.gov.pg/index.php?option=com_content&task=view&id=64&Itemid=116 | title = 50 toea coin | accessdate=2007-05-29}}</ref> <center> {| class="wikitable" |- style="text-align:center; border-bottom:2px solid gray;" bgcolor="lightsteelblue" ! rowspan="2" | Denomination ! rowspan="2" | Circulates <br />since ! colspan="2" | Composition ! rowspan="2" | Shape ! rowspan="2" | Diameter ! rowspan="2" | Edge ! rowspan="2" | Obverse ! rowspan="2" | Reverse |- style="text-align:center; border-bottom:2px solid gray;" bgcolor="lightsteelblue" ! Ring ! Center |- bgcolor="#efefef" |- | '''5 Toea''' | <center>1975</center> | colspan="2" align="center" bgcolor="#CCCCCC" | [[Copper-nickel]] | <center>Round</center> | <center>19,5&nbsp;mm</center> | <center>Milled</center> | <center>[[Turtle]]</center> | <center>National emblem</center> |- | '''10 Toea''' | <center>1975</center> | colspan="2" align="center" bgcolor="#CCCCCC" | [[Copper-nickel-zinc]] | <center>Round</center> | <center>23,7&nbsp;mm</center> | <center>Milled</center> | <center>[[Cuscus]]</center> | <center>National emblem</center> |- | '''20 Toea''' | <center>1975</center> | colspan="2" align="center" bgcolor="#CCCCCC" | [[Copper-nickel]] | <center>Round</center> | <center>28,6&nbsp;mm</center> | <center>Milled</center> | <center>[[Cassowary]]</center> | <center>National emblem</center> |- | '''50 Toea''' | <center>1980</center> | colspan="2" align="center" bgcolor="#CCCCCC" | [[Copper-nickel]] | <center>Heptagonal</center> | <center>30&nbsp;mm</center> | <center>Milled</center> | <center>Commemorative</center> | <center>National emblem</center> |- | '''1 Kina''' | <center>1975</center> | colspan="2" align="center" bgcolor="#CCCCCC" | [[Copper-nickel]] | <center>Round</center> | <center>27,5&nbsp;mm</center> | <center>Milled</center> | <center>[[Crocodiles]]</center> | <center>National emblem</center> |- |} </center> ==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 1 January 1976 when the dollar ceased to be legal tender. The 20 kina was introduced in 1977, 50 kina in 1988, followed by 100 kina in 2005. All colouration of the individual denominations are the same as current and former Australian decimal currency. Beginning in 1991, Papua New Guinea's banknotes have been produced on [[polymer]], although in 2009 the bank issued Kina & Toea Day commemorative notes on paper substrates.<ref>{{cite book | last1 = Linzmayer | first1 = Owen | title = The Banknote Book | chapter = Papua New Guinea | publisher = www.BanknoteNews.com | year = 2012 | location = San Francisco, CA | url = http://www.banknotebook.com}}</ref> A new issue of banknotes has been issued starting with the 50 kina in 1999,<ref>{{cite web|url=http://banknoteworld.com/banknotes/papua_new_guinea/PapuaNewGuineaPNew-50Kina-(1999)_b.jpg|title=Banknote World - World Currency & Paper Money Collectors|publisher=}}</ref> then the 100 kina in 2005, 2<ref>[http://banknotenews.com/files/tag-papua-new-guinea.php Papua New Guinea] BanknoteNews.com. Retrieved 2008-04-29.</ref><ref>{{cite web|url=http://banknotenews.com/files/9ffdf543c1483aff0b4dc5f755c68989-454.php|title=Papua New Guinea issues new 2- and 50-kina notes|publisher=}}</ref> and 20 kina in 2007<ref>{{cite web|url=http://www.bankpng.gov.pg/index.php?option=com_content&task=view&id=357&Itemid=119|title=Bank of Papua New Guinea (PNG) Port Moresby, Papua New Guinea|publisher=}}</ref> and the 5 and 10 kina in 2008.<ref>{{cite web|url=http://www.bankpng.gov.pg/index.php?option=com_content&task=view&id=365&Itemid=115|title=Bank of Papua New Guinea (PNG) Port Moresby, Papua New Guinea|publisher=}}</ref><ref>{{cite web|url=http://www.bankpng.gov.pg/index.php?option=com_content&task=view&id=366&Itemid=115|title=Bank of Papua New Guinea (PNG) Port Moresby, Papua New Guinea|publisher=}}</ref> This makes all the denominations of the kina issued in polymer. Paper bank notes ceased being accepted by the Bank of PNG from the 31 December 2014, and are no longer [[legal tender]]<ref>{{cite web|url=http://www.bankpng.gov.pg/announcement/withdrawal-of-paper-banknotes/|title=Withdrawal of Paper Banknotes|publisher=}}</ref> {|class="wikitable" style="font-size: 90%" |- !colspan="5"| Banknotes of the Papua New Guinean kina (1975 issue) |- ! Image !! Value !! Obverse !! Reverse !! Remarks |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0001.htm] | 2 kina | Bird of Paradise, spear, carved "hour glass" drum (typical for the Highlands and the yearly Goroka Show) | Artifacts | White printing on all corners of the note |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0002.htm] | 5 kina | Bird of Paradise, spear, carved "hour glass" drum (typical for the Highlands and the yearly Goroka Show) | Mask | White printing on all corners of the note |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0003.htm] | 10 kina | Bird of Paradise, spear, carved "hour glass" drum (typical for the Highlands and the yearly Goroka Show) | Bowl, ring, artifacts | Whites printing on all corners of the note |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0004.htm] | 20 kina | Bird of Paradise, spear, carved "hour glass" drum (typical for the Highlands and the yearly Goroka Show) | Boar, conches | White corners on all corners of the note |- |} {|class="wikitable" style="font-size: 90%" |- !colspan="5"| Banknotes of the Papua New Guinean kina (1981 issue) |- ! Image !! Value !! Obverse !! Reverse !! Remarks |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0005.htm] | 2 kina | Bird of Paradise, spear, carved "hour glass" drum (typical for the Highlands and the yearly Goroka Show) | Artifacts | Full printing on the note except on the watermark area |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0006.htm] | 5 kina | Bird of Paradise, spear, carved "hour glass" drum (typical for the Highlands and the yearly Goroka Show) | Mask | Full printing on the note except on the watermark area |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0007.htm] | 10 kina | Bird of Paradise, spear, carved "hour glass" drum (typical for the Highlands and the yearly Goroka Show) | Bowl, ring, artifacts | (1st version): Lighter toned colors used for the full printing of the note except for the watermark area |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0009.htm] | 10 kina | Bird of Paradise, spear, carved "hour glass" drum (typical for the Highlands and the yearly Goroka Show) | Bowl, ring, artifacts | (2nd version): Darker toned colors used for the full printing of the note except for the watermark area; addition of the registration device on the right side of the note |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0010.htm] | 20 kina | Bird of Paradise, spear, carved "hour glass" drum (typical for the Highlands and the yearly Goroka Show) | Boar, conches | Full printing on the note except on the watermark area |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0011.htm] | 50 kina | The Parliament building in [[Port Moresby]] | [[Prime Minister of Papua New Guinea|Prime Minister]] [[Michael Somare]] | |- |} {|class="wikitable" style="font-size: 90%" |- !colspan="5"| Banknotes of the Papua New Guinean kina (Current issue) |- ! Image !! Value !! Obverse !! Reverse !! Remarks |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0028.htm] | 2 kina | The Parliament building in [[Port Moresby]] | Artifacts | Printed on polymer and the first two numbers of the serial number give the last two numbers of the year of issue |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0029.htm] | 5 kina | The Parliament building in [[Port Moresby]] | Mask | Printed on polymer and the first two numbers of the serial number give the last two numbers of the year of issue |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0030.htm] | 10 kina | The Parliament building in [[Port Moresby]] | Bowl, Ring and Artifacts | Printed on polymer and the first two numbers of the serial number give the last two numbers of the year of issue |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0031.htm] | 20 kina | The Parliament building in [[Port Moresby]] | Boar, conches | Printed on polymer and the first two numbers of the serial number give the last two numbers of the year of issue |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0032.htm] | 50 kina | The Parliament building in [[Port Moresby]] | Prime Minister Michael Somare | Printed on polymer and the first two numbers of the serial number give the last two numbers of the year of issue |- | [http://banknote.ws/COLLECTION/countries/AUS/PNG/PNG0033.htm] | 100 kina | The Parliament building in [[Port Moresby]] | Tanker, airplane, truck, radio tower | Printed on polymer and the first two numbers of the serial number give the last two numbers of the year of issue |- |} == Exchange rate == {{Exchjbggfc han ge rate|PGK|SGD}} ==See also== {{Portal|Money}} {{Portal|Numismatics}} * [[Economy of Papua New Guinea]] '''History:''' * [[New Guinean pound]] * [[New Guinean mark]] ==References== {{Reflist}} ==Sources== {{refbegin}} * {{numis cite SCWC | date=1991}} * {{numis cite SCWPM | date=1994}} {{refend}} ==External links== *[http://www.bankpng.gov.pg/currency Currency] (Official Bank of PNG) *[https://web.archive.org/web/20060113063146/http://www.bankpng.gov.pg/new%20site/K100%20poster.pdf Bank of Papua New Guinea PDF] *[http://numismondo.com/pm/png Papua New Guinea Paper Money] {{n-start}} {{n-before|currency=[[Australian dollar]]|reason=independence|ratio=at par}} {{n-currency|location=[[Papua New Guinea]]|start=19 April 1975|concurrent=[[Australian dollar]] until 1 January 1976}} {{n-after}} {{n-end}} {{Currencies of Oceania}} {{Papua New Guinea topics}} {{DEFAULTSORT:Papua New Guinean Kina}} [[Category:Currencies of the Commonwealth of Nations]] [[Category:Currencies of Papua New Guinea]] [[Category:Circulating currencies]] [[Category:Economy of Papua New Guinea]] [[Category:Currencies introduced in 1975]] [[Category:Currencies of Asia]]'