# kina

> currency of Papua New Guinea

**Wikidata**: [Q200759](https://www.wikidata.org/wiki/Q200759)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Papua_New_Guinean_kina)  
**Source**: https://4ort.xyz/entity/kina

## Summary
The kina is the official currency of Papua New Guinea, introduced on April 19, 1975, replacing the Australian dollar after the country's independence. It is identified by the ISO 4217 code PGK and is colloquially known as the Papua New Guinean kina. The kina serves as the primary medium of exchange for goods and services within Papua New Guinea.

## Key Facts
- The kina is the national currency of Papua New Guinea.
- It was introduced on April 19, 1975, coinciding with the country's transition to self-governance.
- The currency code for kina is PGK.
- It is classified under the broader category of "currency", which refers to a generally accepted medium of exchange for goods or services.
- The kina is used throughout Papua New Guinea, including in regions such as the Southern Highlands Province.
- The kina is not associated with any specific person or organization as its creator but is a national institution managed by the Bank of Papua New Guinea.
- The kina belongs to the class of currencies and is part of the economic system of Papua New Guinea.
- The kina is colloquially referred to as the Papua New Guinean kina.
- The kina is linked to the country of Papua New Guinea, which is located in Oceania and had its inception in 1975.

## FAQs
### What is the kina?
The kina is the official currency of Papua New Guinea, introduced on April 19, 1975. It replaced the Australian dollar and is denoted by the ISO code PGK. It is used for all financial transactions within the country.

### When was the kina introduced?
The kina was introduced on April 19, 1975, as part of Papua New Guinea's broader economic framework following its independence.

### What is the significance of the kina's start date?
The kina was launched concurrently with Papua New Guinea's transition to full sovereignty, symbolizing economic independence and the establishment of a national monetary system.

### Where is the kina used?
The kina is used throughout Papua New Guinea, including in provinces such as the Southern Highlands Province, which is also part of the country.

### What is the official currency code for the kina?
The official currency code for the kina is PGK, which stands for Papua New Guinean Kina.

### What is the kina related to?
The k1ina is part of the currency class, which is defined as a generally accepted medium of exchange for goods or services.

### What is the kina's relationship to Papua New Guinea?
The kina is the official currency of Papua New Guinea, introduced in 1975 to support the country's economic independence.

## Why It Matters
The kina plays a central role in the economic structure of Papua New Guinea, serving as the official medium of exchange since 1975. Its introduction marked a key step in the country's financial sovereignty, replacing the Australian dollar and aligning with the nation's political independence. The kina is significant because it represents a shift toward national economic self-reliance and is now the standard unit of exchange in the domestic economy. Its adoption also reflects the country's broader economic and political evolution.

## Notable For
- Being the official currency of Papua New Guinea since 1975
- Replacing the Australian dollar as part of the country's transition to self-governance
- Having a unique ISO code (PGK) and being recognized as the national currency
- Symbolizing economic independence for Papua New Guinea

## Body

### History
The kina was introduced on April 19, 1975, coinciding with Papua New Guinea's attainment of political independence. It replaced the Australian dollar, which had been used during the country's colonial and early post-independence period. The kina was introduced as part of the establishment of a national monetary system, reflecting the country's new status as a self-governing state. The currency is colloquially known as the Papua New Guinean kina and is identified by the code PGK.

### Classification and Context
The kina is classified as a currency, which is defined as a generally accepted medium of exchange for goods or services. It is used throughout the country of Papua New Guinea, including in regions such as the Southern Highlands Province. The kina is part of the economic system of Papua New Guinea, which was formally established in 1975 as the country gained independence.

### Geographic and Political Context
Papua New Guinea, the country where kina is used, is located in Oceania. The kina's introduction in 1975 aligns with the country's political inception in the same year. The currency serves as a symbol of economic independence and is now the standard medium of exchange within the country.

### Notable Entities and Relationships
- Papua New Guinea [Thing]: The country where kina is the official currency.
- Nassariidae [Thing]: A family of molluscs unrelated to the kina but included in the data set for contextual reference.
- Currency [class]: The kina is part of the class of currencies, which are generally accepted media of exchange.

### Related Systems and Usage
The kina is used in all financial transactions within the borders of Papua New Guinea, including in its provinces such as the Southern Highlands Province. As the official currency, it supports the domestic economy and replaced the previous system of using the Australian dollar. The kina is managed by the central banking system of Papua New Guinea and is part of the country's economic infrastructure.

### Nomenclature and Code
The kina is also known as the Papua New Guinean kina and is identified by the ISO code PGK. This reflects its role as the official medium of exchange for the nation.

## References

1. Freebase Data Dumps. 2013
2. GF WordNet