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.
Papua New Guinea will receive aid to assess climate change impact and create a more resilient future for its people, thanks to a new partnership brokered by the United States Agency for International Development.
In a country where poverty is rife, medication shortages are biting and there's just been a polio outbreak, some Papua New Guineans are struggling to square their day-to-day lives with the money being spent on the APEC summit.
Government plans to build and open five new highways, Milbank launches women-only credit card, and PNG Power to upgrade two projects in Eastern Highlands and East New Britain. Your weekly digest of the latest business news.
APEC’s 21 Leaders gather in Port Moresby next week, the culmination of 10 months of officials' meetings. Papua New Guinea’s APEC Ambassador, Ivan Pomaleu, tells Business Advantage PNG that making APEC useful for the country will require a long-term commitment.