… (IMF) loan program with Papua New Guinea will end. PNG had turned … peg that kept its currency, the kina, overvalued for nearly a … To maintain an artificially high kina, the central bank rationed … rates have increased and the kina has depreciated. The IMF …

… Papua New Guinea’s Monetary Policy Committee (MPC) has maintained the Kina … mixed implications for Papua New Guinea, with stronger export … , economic activity in Papua New Guinea has remained resilient, … kina. This mechanism is aimed at correcting the currency …

… to the downside, as Papua New Guinea remains vulnerable to both domestic … play a central role. Currency While PNG’s foreign exchange … major projects could move the kina in the other direction. … not licensed to operate in Papua New Guinea. Despite this, NICTA has …

Papua New Guinea’s Opposition Leader, Hon. James … the steady fall of the Kina and the rising cost of … show the value of the Kina continuing to weaken year after … climb in direct response to currency depreciation. Mr Nomane said this …

… able to purchase surplus foreign currency from the market,” observes … Director of Kina Bank, points to the Bank of Papua New Guinea’s … phase in 2014, with forex ranking as the biggest … in inflows. “Nonetheless, the FX market is in a significantly stronger …

… Bank of Papua New Guinea (BPNG) intervened in the FX market during August … the quarter, the Kina depreciated by 1.6% … banking group headquartered in Papua New Guinea. Established in 1957, … largest branch network across Papua New Guinea, Cook Islands, Fiji, …

… us.” Edward received a kina shell as a gift from … once a form of currency and holds special value … language of Papua New Guinea. “Today is a big day for Papua New Guinea and … Papua New Guinea, which is available here. Duke of Edinburgh in Papua New Guinea …

… McDowell. Credit: Bank of Papua New Guinea Media Unit To mark the … Papua New Guinea is releasing PGK20 million worth of commemorative 50-kina … advertisment... “Today, the kina and toea continue to serve … of the country’s currency – the kina and toea – was …

… governor of the Bank of Papua New Guinea, officially kicked off the nation … dollars to remain. Today, the Kina and Toea,” she said, … ’s economy. “The 50 Kina note we launch today carries … a statesman who presented the currency at Independence, and whose …

Independence in 1975 saw the introduction of PNG’s own currency, the kina. In PNG’s early years, the Panguna copper mine was critical to fund the country, as was the ‘hard kina’ policy – which pegged the kina to a basket of its main trading currencies. In …