Historic Mauritanian ouguiya Papua New Guinean Kina

01/01/2022: Planned Introduction of New Banknotes

Mauritania plans to introduce a new series of banknotes with modern security features and improved durability to enhance the overall quality and functionality of the currency.

01/07/2020: Replacement of Commemorative Banknote

A new 20,000 MRO commemorative banknote was issued to mark the 60th anniversary of independence, replacing the older version. It showcases significant historical landmarks and figures.

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.

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.

01/10/2018: New Banknotes and Coins

Mauritania introduced a new series of banknotes and coins denominated in Ouguiya, featuring enhanced security features and updated designs to combat counterfeiting.

01/01/2018: Floating of the Ouguiya

The Mauritanian Ouguiya transitioned from a fixed exchange rate regime to a floating exchange rate system. The currency's value is now determined by market forces within a managed float.

01/05/2004: Redenomination of the Ouguiya

The Mauritanian Ouguiya underwent a redenomination, where 1 new MRO was equivalent to 10 old MRO. This measure aimed to simplify transactions and improve economic stability.

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.

01/06/1978: Decentralization of Currency Issuance

The Central Bank of Mauritania granted the Banque Centrale de Mauritanie (BCM) the authority to issue and control the Mauritanian Ouguiya, decentralizing currency issuance.

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.

01/11/1973: Introduction of the Mauritanian Ouguiya

The Mauritanian Ouguiya (MRO) was introduced as the official currency of Mauritania, replacing the CFA franc. It was initially pegged to the French franc at a rate of 1 MRO = 5.5 FRF.