Papua New Guinean kina · PGK
K symbol · 1 country currently using this currency.
Currency info
Adopted: 1975
Currency family: Other
The kina is named after a large shell that was historically used as a medium of exchange in Papua New Guinea's traditional economies.
- Introduced in 1975 when Papua New Guinea gained independence from Australia
- Replaced the Australian pound at a rate of 2 kina = 1 pound
- Named after a shell used as currency in traditional Papua New Guinean trade
- Subdivided into 100 toea, with toea also derived from traditional shell currency
- Managed by the Bank of Papua New Guinea since its establishment
Countries currently using this currency
Related
Other Other currencies
Historical predecessor
Australian pound