The Kina is the official currency of Papua New Guinea. It is abbreviated as PGK and is symbolized by the "K" symbol. The Kina is divided into 100 toea. The central bank of Papua New Guinea, the Bank of Papua New Guinea, is responsible for issuing and regulating the Kina.Papua New Guinea is a country located in the southwestern Pacific Ocean, east of Indonesia and north of Australia. The Kina is used by the government and businesses in Papua New Guinea to conduct transactions and is also used by foreign tourists and investors in the country.Like many other currencies, the value of the Kina is determined by the supply and demand for it in the foreign exchange market. Factors that can influence the value of the Kina include the country's economic performance, political stability, and monetary policy. The Kina is not widely used outside of Papua New Guinea, and it is often exchanged for other major currencies such as the US Dollar or the Australian Dollar.
