The Bank of Papua New Guinea Governor Loi Bakani stated in its Monetary Policy Statement for the month of September 2016.
According to today’s Bank South Pacific Exchange Rate, K100 will give you US$ 26.50 and AUS$ 34.71.
The Kina dropped by 9.5 per cent in a space of 12 months.
“PNG continued to experienced low export commodity prices during the nine months to September 2016. These resulted in low foreign exchange inflows and lower Government revenue,” Governor Bakani stated in the policy statement.