Currency - Papua New Guinean kina

Currency  >  Papua New Guinean kina

Papua New Guinean kina

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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 region, referring to a callable pearl shell used widely for trading in both the Coastal and Highlands areas of the country.

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.

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

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 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.

A new issue of banknotes has been issued starting with the 50 kina in 1999, then the 100 kina in 2005, 2 and 20 kina in 2007 and the 5 and 10 kina in 2008. This makes all the denominations of the kina issued in polymer. Paper bank note ceased being accepted by the Bank of PNG from the 31 December 2014, and are no longer legal tender

* Economy of Papua New Guinea

History:

* New Guinean pound

* New Guinean mark

Country

Papua New Guinea

Papua New Guinea (PNG;, ; Papua Niugini; Papua Niu Gini), officially the Independent State of Papua New Guinea, is an Oceanian country that occupies the eastern half of the island of New Guinea and its offshore islands in Melanesia, a region of the southwestern Pacific Ocean north of Australia. Its capital, located along its southeastern coast, is Port Moresby. The western half of New Guinea forms the Indonesian provinces of Papua and West Papua.

At the national level, after being ruled by three external powers since 1884, Papua New Guinea established its sovereignty in 1975. This followed nearly 60 years of Australian administration, which started during World War I. It became an independent Commonwealth realm in 1975 with Elizabeth II as its queen. It also became a member of the Commonwealth of Nations in its own right.

Language

Papua New Guinean kina (English)  Kina papuana (Italiano)  Kina (Nederlands)  Kina (Français)  Kina (Deutsch)  Kina (Português)  Кина (Русский)  Kina (Español)  Kina (Polski)  巴布亞紐幾內亞基那 (中文)  Kina (Svenska)  Kina (Română)  キナ (日本語)  Кіна (Українська)  Кина на Папуа Нова Гвинея (Български)  파푸아뉴기니 키나 (한국어)  Papua-Uuden-Guinean kina (Suomi)  Kina Papua Nugini (Bahasa Indonesia)  Kina (Lietuvių)  Kina (Dansk)  Papujsko-guinejská kina (Česky)  Papua Yeni Gine kinası (Türkçe)  Папуанска кина (Српски / Srpski)  Pápua új-guineai kina (Magyar)  Papuanska kina (Hrvatski)  Κίνα Παπούα-Νέας Γουινέας (Ελληνικά)  Kina Papua New Guinea (Tiếng Việt) 
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