PGKPapua New Guinean KinaPapua New Guinean Kina (PGK)
The kina is Papua New Guinea's national currency.
- ISO code
- PGK
- Symbol
- K
- Region
- Oceania
- Currency type
- Fiat currency
- Exchange system
- Market-based exchange-rate framework
- Last reviewed
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Quick facts
PGK at a glance
Currency profile
How PGK works
The kina is Papua New Guinea's national currency.
The Bank of Papua New Guinea issues PGK and manages the national monetary framework.
- PGK was introduced in 1975 as Papua New Guinea moved from the Australian dollar to its own unit.
- One kina is divided into 100 toea.
Context
Why this currency matters
PGK records Papua New Guinea's independence-era monetary transition. Its continued separation from AUD is important when older contracts or regional comparisons involve both currencies.
Monetary framework
Exchange arrangement
Market-based exchange-rate framework
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for PGK
Central bank established
The Bank of Papua New Guinea was established before the national currency changeover.
Bank of Papua New GuineaKina introduced
The kina replaced the Australian dollar as Papua New Guinea's national currency.
Bank of Papua New Guinea - currencyPolymer note series expanded
Papua New Guinea continued the move toward polymer banknotes in its modern cash series.
Bank of Papua New Guinea - currency
Usage and economy
How PGK is used
- Domestic prices, wages and payments in Papua New Guinea.
- Pacific trade and comparisons with AUD, NZD, FJD and VUV.
Country currency guides
Banknotes and coins
PGK currency units
The Bank of Papua New Guinea documents the banknote series used for the kina.
The Bank of Papua New Guinea documents kina and toea circulation coins.
One Papua New Guinean Kina unit is recorded with 2 decimal places and uses Toea as its minor unit.
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Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
PGK questions
When was the kina introduced?
The kina was introduced in 1975 during Papua New Guinea's independence-era monetary transition.
What currency did PGK replace?
PGK replaced the Australian dollar as Papua New Guinea's national currency.
Is PGK linked to AUD?
PGK is a separate national currency. A historical transition from AUD does not create a current one-to-one relationship.
Who issues PGK?
The Bank of Papua New Guinea issues the kina.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.