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.
31/12/2004: Return to the boliviano
Bolivia ended the dollarization period and officially reintroduced the boliviano as the sole legal tender of the country.
31/12/2003: Dollarization crisis
Bolivia experienced a financial crisis, leading to the temporary dollarization of the economy and the use of the US dollar as legal tender.
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.
31/03/1988: Bolivianoization
Bolivianoization was implemented, requiring all contracts and transactions to be conducted in bolivianos instead of foreign currencies.
28/02/1987: Introduction of the second boliviano
A new boliviano, known as the second boliviano (Boliviano de Segunda), was introduced to replace the heavily devalued first boliviano.
31/01/1986: Hyperinflation crisis
Bolivia experienced a severe hyperinflation crisis, leading to the devaluation of the boliviano.
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.
31/12/1962: Monetary reform
The boliviano underwent a monetary reform, with new banknotes and coins being issued.
31/12/1891: Introduction of Bolivian boliviano
The boliviano was introduced as the official currency of Bolivia, replacing the Bolivian peso.