Papua New Guinea was originally the "trust territory" of Australia, and the currency used in the territory was the Australian dollar.

1 973 65438+February1autonomy.

1975 On April19, Papua New Guinea was issuing its own currency, Kina, and the new currency was linked to Australia.

Rmb and its equivalent, the official exchange rate is 1 kina pair 1.309 USD, and a floating effective exchange rate system is implemented.

Degree. In September of the same year, 19 issued a commemorative gold coin with the denomination of 100 kina as a means of payment of legal compensation. Papua New Guinea

Guinea Kina implemented the dual exchange rate system until197565438+February 3 1. After that, the Australian dollar is not.

Then as the legal compensation currency, and announced its withdrawal from the Australian dollar currency area.

On July 25th, 1976, Kina still pegged to the Australian dollar, and the new exchange rate of Kina against the Australian dollar was adjusted to 1 basis.

Convert it into 1.05 Australian dollars, and then set it as 1 on October 29th of the same year, and convert it into 1. 18 12 Australian dollars, 65438+February 3rd1.

Adjusted to 1 kina exchange 1. 155 Australian dollars.

1976 12 17. Kina no longer pegged to the Australian dollar, but pegged to a basket of trade-weighted currencies and implemented it.

Effectively manage the floating exchange rate system.

1 980 On April1day, Papua New Guinea changed the intervention currency from the original Australian dollar to the US dollar.