New guinea currency

The official currency of Papua New Guinea (New Guinea) is the Papua New Guinean kina (PGK). It is abbreviated as "K" and is divided into 100 toea.

Here are some interesting facts about the Papua New Guinean kina:

1. The kina was introduced in 1975, replacing the Australian dollar as the official currency of Papua New Guinea.
2. The name "kina" comes from the kina shell, which was a common medium of exchange in Papua New Guinea before the introduction of the kina.
3. The kina is issued by the Bank of Papua New Guinea, which is the central bank of Papua New Guinea.
4. The kina is available in denominations of K1, K2, K5, K10, K20, K50, K100, and K200.
5. Coins are available in denominations of 5, 10, 20, and 50 toea, as well as K1.
6. The kina is pegged to the Australian dollar, which means that the value of the kina is tied to the value of the Australian dollar.
7. Papua New Guinea is one of the few countries in the world where the national currency is not a decimal currency (i.e., it does not use a base-10 system).

Here are some exchange rates for the Papua New Guinean kina:

• 1 USD = approximately 3.30 PGK
• 1 AUD = approximately 2.30 PGK
• 1 EUR = approximately 3.80 PGK

It's worth noting that the exchange rate can fluctuate depending on various economic factors, so these rates are only a rough guide.