Australian Dollar to Papua New Guinean Kina

The Australian dollar (symbol: $ ,code: AUD, number 036) is used in Australia, as well as on the Islands of Norfolk, Christmas Island, the Cocos Islands, in Nauru, Tuvalu and Kiribati. It is subdivided into 100 cents. $/A$/AU$ and other abbreviations are used.

The currency was introduced in 1966 to replace the Australian pound. Traditionally, coins and some banknotes depict portraits of the queen Elizabeth II as well as representatives of the fauna of the continent and famous people.

The kina (sign К, code PGK) is the currency of a state in Oceania – Papua New Guinea. The currency is not accepted for payment outside the country. One kina is subdivided into 100 smaller coins called toea.

The currency has become official in 1975. Before that, the country had a foreign currency, which was the Australian dollar. The appearance of the currency was connected to the fact that Papua New Guinea gained independence. At first, the Australian dollar also participated in payment operations, but in 1976, it was completely eliminated.