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The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, introduced in 1975 to replace the Australian dollar. It is subdivided into 100 toea, and its name reflects the rich cultural heritage of the country, with 'kina' derived from a local shell used as currency in the past.
The Australian Dollar (AUD) is the official currency of Australia, as well as several of its territories and Pacific Island nations. It is abbreviated as AUD and is commonly represented by the symbol '$' or 'A$' to distinguish it from other dollar-denominated currencies. As one of the most traded currencies in the world, the Australian Dollar is a key player in the global financial market, influenced by factors such as commodity prices and economic indicators.