![]() | This article needs to be updated.(September 2013) |
![]() Commemorative K50 Note | |
ISO 4217 | |
---|---|
Code | PGK (numeric: 598) |
Subunit | 0.01 |
Unit | |
Plural | kina |
Symbol | K |
Denominations | |
Subunit | |
1⁄100 | toea |
Plural | |
toea | toea |
Symbol | |
toea | t |
Banknotes | K2, K5, K10, K20, K50, K100 |
Coins | 5t, 10t, 20t, 50t, K1, K2 |
Demographics | |
Date of introduction | 19 April 1975 |
User(s) | ![]() |
Issuance | |
Central bank | Bank of Papua New Guinea |
Website | www |
Valuation | |
Inflation | 1.8% |
Source | The World Factbook, 2007 est. |
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 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.