ECONOMY

What is the currency of Papua New Guinea?

Unit of Currency ~ kina

Exchange Rate

Kina is divided into 100 Toea. The units of kina are K50, K20, K10, K5, K2, K1 notes and a K1 coin. The origin of this currency represents the traditonal monetary units of shells and animal teeth.

What resources does the country produce?

Papua New Guinea is an unique country because it functions successfully with two different types of economical systems. The first is a traditional, non-monetary based system that consistent primarily of an agricultural society removed from the modern day world. The second is a more modern system that supports the country through mining, petroleum, fishing, forestry, and agriculture. The main exports are gold, copper, coffee, and tea.