PAPUA NEW GUINEA

(PGK) Currency News >>

CURRENCY:

Kina - PGK, Symbol K

DENOMINATIONS:

NOTE: K100, 50, 20, 10, 5 and 2.

COIN: K1, and 50, 20, 10, 5, 2 and 1 toea.

US DOLLAR ACCEPTED?

N/A

CREDIT/DEBIT CARDS AND ATMS:

Major credit cards are widely accepted and the best option to use is American Express.

CURRENCY EXCHANGE:

There are foreign exchange services in banks.

TRAVELLER'S CHEQUES:

These are best in US dollars, Australian dollars and Sterling.

BANKING HOURS:

Mon-Thurs 0845-1500, Banks open until 1600 on Fridays.

CURRENCY RESTRICTIONS:

There are no restrictions on the import of local and foreign currency.

COUNTRY OVERVIEW:

The Independent State of Papua New Guinea is located in Oceania. The island nation interestingly has nearly 900 indigenous languages and many traditions - yet the population is only around 6 million. The capital is Port Moresby and the official languages are English and two other regional languages. The country shares the same monarch as the United Kingdom.

POPULATION:

Around 6 million.

ECONOMY:

The economy of Papua New Guinea is laden with issues. This is because there are plenty of natural resources but the landscape and the cost of infrastructure development mean these are hard to exploit. The majority of the population rely on subsistence agriculture.