Papua New Guinean kina - Wikipedia Papua New Guinean kina This article needs to be updated. Please update this article to reflect recent events or newly available information. ( September 2013 ) Papua New Guinean kina Commemorative K50 Note ISO 4217 Code PGK Denominations Subunit 1 / 100 toea Plural kina toea toea Symbol Banknotes 2, 5, 10, 20, 50, 100 kina Coins 5, 10, 20, 50 toea, 1 kina Demographics User ( s ) Papua New Guinea Issuance Central bank Bank of Papua New Guinea Website www.bankpng.gov.pg Valuation Inflation 1.8 % Source The World Factbook, 2007 est. The kina ( ISO 4217 code : PGK ) is the currency of Papua New Guinea. It is divided into 100 toea. The kina was introduced on 19 April 1975, replacing the Australian dollar at par. 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. For earlier currencies used in Papua New Guinea, see New Guinean pound and New Guinean mark. Contents 1 Coins 2 Banknotes 3 See also 4 Notes 5 References 6 External links 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. 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. In 1980, 50 toea coins were introduced but only issued in commemorative form without a standard design. Denomination Circulates since Composition Shape Diameter Edge Obverse Reverse Ring Center 5 Toea Copper - nickel Round 19, 5 mm Milled Turtle National emblem 10 Toea Copper - nickel - zinc Round 23, 7 mm Milled Cuscus National emblem 20 Toea Copper - nickel Round 28, 6 mm Milled Cassowary National emblem 50 Toea 1980 Copper - nickel Heptagonal 30 mm Milled Commemorative National emblem 1 Kina Copper - nickel Round 27, 5 mm Milled Crocodiles National emblem 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 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 Banknotes of the Papua New Guinean kina ( 1975 issue ) Image Value Obverse Reverse Remarks ( 1 ) 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 ( 2 ) 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 ( 3 ) 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 ( 4 ) 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 Banknotes of the Papua New Guinean kina ( 1981 issue ) Image Value Obverse Reverse Remarks ( 5 ) 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 ( 6 ) 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 ( 7 ) 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 ( 8 ) 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 ( 9 ) 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 ( 10 ) 50 kina The Parliament building in Port Moresby Prime Minister Michael Somare Banknotes of the Papua New Guinean kina ( Current issue ) Image Value Obverse Reverse Remarks ( 11 ) 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 ( 12 ) 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 ( 13 ) 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 ( 14 ) 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 ( 15 ) 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 ( 16 ) 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 Current PGK exchange rates From Google Finance : AUD CAD CHF EUR GBP HKD JPY USD SGD From Yahoo ! Finance : AUD CAD CHF EUR GBP HKD JPY USD SGD From XE : AUD CAD CHF EUR GBP HKD JPY USD SGD From OANDA : AUD CAD CHF EUR GBP HKD JPY USD SGD From fxtop.com : AUD CAD CHF EUR GBP HKD JPY USD SGD See also Economy of Papua New Guinea Notes Jump up ^ Bank of Papua New Guinea. `` Withdrawal of Large Sized K1 Coin from Circulation '' ( PDF ). Retrieved 2010 - 01 - 16. Jump up ^ Bank of Papua New Guinea. `` Notes and coins of Papua New Guinea - Currency ''. Retrieved 2007 - 05 - 29. Jump up ^ Bank of Papua New Guinea. `` 50 toea coin ''. Retrieved 2007 - 05 - 29. Jump up ^ Linzmayer, Owen ( 2012 ). `` Papua New Guinea ''. The Banknote Book. San Francisco, CA : www.BanknoteNews.com. Jump up ^ `` Banknote World - World Currency & Paper Money Collectors ''. Jump up ^ Papua New Guinea BanknoteNews.com. Retrieved 2008 - 04 - 29. Jump up ^ `` Papua New Guinea issues new 2 - and 50 - kina notes ''. Jump up ^ `` Bank of Papua New Guinea ( PNG ) Port Moresby, Papua New Guinea ''. Jump up ^ `` Bank of Papua New Guinea ( PNG ) Port Moresby, Papua New Guinea ''. Jump up ^ `` Bank of Papua New Guinea ( PNG ) Port Moresby, Papua New Guinea ''. Jump up ^ `` Withdrawal of Paper Banknotes ''. References Krause, Chester L. ; Clifford Mishler ( 1991 ). Standard Catalog of World Coins : 1801 -- 1991 ( 18th ed. ). Krause Publications. ISBN 0873411501. Pick, Albert ( 1994 ). Standard Catalog of World Paper Money : General Issues. Colin R. Bruce II and Neil Shafer ( editors ) ( 7th ed. ). Krause Publications. ISBN 0 - 87341 - 207 - 9. External links Currency ( Official Bank of PNG ) Bank of Papua New Guinea PDF Papua New Guinea Paper Money 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 Currencies of Oceania Australia Australian dollar ( Norfolk Island ) Melanesia CFP franc ( New Caledonia ) Fijian dollar Papua New Guinean kina Solomon Islands dollar Vanuatu vatu Micronesia Australian dollar ( Kiribati, Nauru ) Kiribati dollar U.S. dollar ( Guam, Federated States of Micronesia, Marshall Islands, Northern Mariana Islands, Palau, United States Minor Outlying Islands ) Polynesia Australian dollar ( Tuvalu ) CFP franc ( French Polynesia, Wallis and Futuna ) Chilean peso ( Easter Island ) Cook Islands dollar New Zealand dollar ( Cook Islands, Niue, Pitcairn Islands, Tokelau ) Pitcairn Islands dollar Samoan tālā Tongan paʻanga Tuvaluan dollar U.S. dollar ( American Samoa, Hawaii ) Retrieved from `` https://en.wikipedia.org/w/index.php?title=Papua_New_Guinean_kina&oldid=788135739 '' Categories : ISO 4217 Currencies of Oceania Circulating currencies Currencies of the Commonwealth of Nations Currencies of Papua New Guinea Economy of Papua New Guinea Currency introduced in 1975 Currencies of Asia Hidden categories : Wikipedia articles in need of updating from September 2013 All Wikipedia articles in need of updating Talk Contents About Wikipedia Alemannisch Azərbaycanca Bân - lâm - gú Беларуская Беларуская ( тарашкевіца ) ‎ Български Bosanski Català Čeština Dansk Deutsch Ελληνικά Español Esperanto فارسی Français Galego 한국어 Hrvatski বিষ্ণুপ্রিয়া মণিপুরী Bahasa Indonesia Italiano ქართული Lietuvių Magyar मराठी Nederlands 日本 語 Norsk Tok Pisin Polski Português Română Русский Српски / srpski Suomi Svenska Тоҷикӣ Türkçe Українська Yorùbá 中文 Edit links This page was last edited on 29 June 2017, at 17 : 38. 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Question: what is the currency of papua new guinea
Answer: kina