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The Kina (ISO 4217 currency code: PGK, the currency symbol: K) is the currency of Papua New Guinea.It is divided into 100 toea.The name Kina is derived from Kuanua language of the Tolai region, referring to a callable pearl shell used widely for trading in both the Coastal and Highlands areas of the country.
Papua New Guinea [note 1] [13] [note 2] is a country in Oceania that comprises the eastern half of the island of New Guinea and offshore islands in Melanesia, a region of the southwestern Pacific Ocean north of Australia. It has a land border with Indonesia to the west and neighbours Australia to the south and the Solomon Islands to the east.
It also manages the country's foreign reserves, issue the country's currency, manages the gold and foreign exchange of Papua New Guinea. The Bank of Papua New Guinea is the only institution that is permitted to issue the Papua New Guinean kina, which has been the case since early 1975. Ms Elizabeth Genia is the current Governor of the Bank. [2]
In October 2007 it was announced that the Papua New Guinea government would provide two million kina (US$736,000) to begin the relocation, to be organized by Tulele Peisa of Buka, Bougainville. Five men from the island moved to Bougainville in early 2009 and built some houses and planted crops for their families to follow. [14]
Map of Papua New Guinea. This is a list of airports in Papua New Guinea, sorted by location.. Papua New Guinea, officially the Independent State of Papua New Guinea, is a country in Oceania, occupying the eastern half of the island of New Guinea and numerous offshore islands (the western portion of the island is a part of the Indonesian provinces of Papua and West Papua).
Papua New Guinean kina, the currency of Papua New Guinea by ISO 4217 code; Pasukan Gerakan Khas, a Malaysian police special operations unit; Phosphoglycerate kinase, an enzyme; XM1156 Precision Guidance Kit, a U.S. Army program for artillery shells; Depati Amir Airport, Indonesia
Haplogroup M is the most frequently occurring Y-chromosome haplogroup in Western New Guinea. [63] In a 2005 study of Papua New Guinea's ASPM gene variants, Mekel-Bobrov et al. found that the Papuan people have among the highest rate of the newly evolved ASPM haplogroup D, at 59.4% occurrence of the approximately 6,000-year-old allele. [64]
The economy of Papua New Guinea (PNG) is largely underdeveloped with the vast majority of the population living below the poverty line. [20] However, according to the Asian Development Bank its GDP is expected to grow 3.4% in 2022 and 4.6% in 2023. [21]
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