01/10/2022: Transition to digital currency
Gibraltar announced the introduction of a digital currency pegged 1:1 to the Gibraltar pound, making it one of the first jurisdictions to do so.
24/03/2020: COVID-19 Economic Impact
The COVID-19 pandemic had a significant impact on the Papua New Guinean economy and the value of the Kina, leading to economic challenges and policy interventions.
15/08/2019: Commencement of polymer £50 issuance
Polymer £50 banknotes were introduced, replacing the older paper £50 notes.
19/11/2018: Launch of New Kina Notes and Coins
The Bank of Papua New Guinea launched a new series of Kina banknotes and coins, featuring enhanced security features and improved design.
26/06/2018: New £100 banknote issued
A new £100 banknote featuring the image of Sir Joshua Hassan, first Chief Minister of Gibraltar, was issued.
08/05/1995: Introduction of Polymer Banknotes
Polymer banknotes were introduced in Papua New Guinea, replacing the traditional paper banknotes and providing increased durability.
28/07/1989: Kina Floats in Foreign Exchange Market
The Papua New Guinean Kina was allowed to float freely in the foreign exchange market, leading to fluctuations in its value.
06/11/1988: Introduction of polymer banknotes
Polymer banknotes were introduced in Gibraltar, enhancing durability and counterfeit resilience.
03/02/1976: First Kina Banknotes Issued
The Bank of Papua New Guinea issued the first series of Kina banknotes, featuring unique designs and local elements.
19/12/1975: Independence from Australia
Papua New Guinea gained independence, leading to the introduction of the Papua New Guinean Kina as its currency.
19/12/1975: Introduction of the Kina
The Papua New Guinean Kina was officially introduced as the national currency, replacing the Australian Dollar at a rate of 2 Kina to 1 Australian Dollar.
15/02/1971: Currency tied to British pound
The Gibraltar pound became pegged to the British pound at a rate of 1:1, ensuring stability and ease of trade.
23/06/1969: Currency switch to decimalization
Gibraltar switched from the pound shilling pence system to a decimalized currency, with 100 pence equal to 1 pound.
07/03/1927: Introduction of Gibraltar pound
The Gibraltar pound was first introduced as the official currency of Gibraltar, replacing the Spanish peseta.