Papua New Guinean Kina

Papua New Guinean Kina

Papua New Guinean Kina overview

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.

1 PGK to USD exchange rates chart

PGK to  exchange rates chart

Papua New Guinean Kina news

PNG turns to bond issues and stock exchange
PNG turns to bond issues and stock exchange

Papua New Guinea is looking to the international bond markets to help bridge revenue shortfalls, announcing the launch of its first eurobond in tandem with wider moves to open up the stock exchange to foreign investors.

11 days conditional negative
Sir Julius marks 50 years in politics
Sir Julius marks 50 years in politics

This year’s New Ireland Provincial Day is special as Governor of the Province, Sir Julius Chan, celebrates his 50th anniversary in PNG politics.

24 days conditional positive
Thousands of Kina saved
Thousands of Kina saved

Since the establishment of the Nazarene Hospital’s hydroelectric project in Kudjip, Jiwaka Province, the hospital has saved thousands of kina in power bills, improved the safety of its patients and equipment and maintained a regular power supply.

about 2 months conditional positive
PNG looks to boost forex flows: Report
PNG looks to boost forex flows: Report

An improved commodity outlook and renewed economic stability are combining to ease foreign currency shortages in Papua New Guinea, as the government looks to tap international money markets.

about 2 months indicative neutral
Kina introduces online account activation
Kina introduces online account activation

Kina Bank has introduced an online bank activation service for customers to open a bank account in minutes from the comfort of their computers.

about 2 months conditional positive
Will Papua New Guinea's successful sovereign bond issue improve the foreign exchange situation for business?
Will Papua New Guinea's successful sovereign bond issue improve the foreign exchange situation for business?

The success of Papua New Guinea’s first US$500 million bond issue will depend on the government’s spending focus, according to Paul Barker, Director of PNG’s economics research think tank, the Institute of National Affairs. He tells Business Advantage PNG that the private sector has to get access to foreign exchange because of extended delays.

about 2 months conditional positive

PGK currency converter