Historic Papua New Guinean Kina São Tomé and Príncipe dobra

Papua New Guinean Kina são tomé and príncipe dobra history since 31/10/2024 until today (0 years). Search for PGK to STD exchange rate history for a particular date, month or year.

is the currency (supplied by Bank of Papua New Guinea and the currency supplied by Central Bank of São Tomé and Príncipe. The PGK STD historical data can be seen on the Papua New Guinean Kina são tomé and príncipe dobra historical chart.

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.

01/01/2020: New Currency Symbol

A new currency symbol for the dobra, resembling the letters 'STD' with horizontal lines through them, was introduced for official use.

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.

24/05/2018: Dobra Pegged to Euro

The dobra's exchange rate was pegged to the euro, aiming to stabilize the currency and boost economic cooperation with the European Union.

01/01/2016: Introduction of Polymer Banknotes

São Tomé and Príncipe started issuing polymer banknotes as a means to enhance durability and reduce counterfeiting of the dobra.

01/01/2010: Currency Redenomination

The third dobra was introduced, with 1 new dobra equalling 1,000 old dobras, aiming to simplify transactions and boost confidence in the currency.

01/01/1997: Introduction of the New Dobra

A new currency, the 'second dobra,' was introduced at a rate of 1,000 to 1 to combat hyperinflation and stabilize the economy.

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.

24/12/1979: First Currency Devaluation

The first devaluation of the dobra occurred, reducing its value by 53% as a result of economic instability and inflation.

30/06/1977: Introduction of the Dobra

The São Tomé and Príncipe dobra was introduced as the official currency of the country after gaining independence from Portugal.

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.