Papua New Guinean Kina
PGK
The money
Papua New Guinea (PNG) is richly endowed with natural resources, but exploitation has been hampered by rugged terrain, land tenure issues, and the high cost of developing infrastructure. The economy has a small formal sector, focused mainly on the export of those natural resources, and an informal sector, employing most of the population. Agriculture provides a subsistence livelihood for 85% of the people. Mineral deposits, including copper, gold, and oil, account for nearly two-thirds of export earnings. Natural gas reserves amount to an estimated 227 billion cubic meters. A consortium led by a major American oil company is constructing a liquefied natural gas (LNG) production facility that could begin exporting in 2014.
- Currency
- Papua New Guinean Kina
- Code
- PGK
- Symbol
- K
- One Australian dollar
- 2.9282 PGK
Bank notes
- 2K
- 5K
- 10K
- 20K
- 50K
- 100K
Coins
- 5 toea
- 10 toea
- 20 toea
- 50 toea
- 1K
- 2K
We supply notes only. Coins are listed so you know what the change in your pocket is worth.
What things cost in Papua New Guinea
The left column is what the guide records locally. The right column is that same figure through today’s rate — the arithmetic we would do for you at the counter, done here instead.
| Everyday price | Kina | Australian dollars |
|---|---|---|
| Three-course meal for two, mid-range restaurant | 200 | A$68.30 |
| One-way ticket on local transport | 1 | A$0.34 |
| Bottle of water | 2.8 | A$0.96 |
Converted at 1 AUD = 2.9282 PGK, our online rate as at 22 Sep 2026, 09:04. Local prices are a guide to what you will pay, not a quote.
How much to take
Set the trip and the calculator prices it in PGK, using the same rate as the figures above.