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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 CFA Franc BCEAO (XOF) is the currency used by eight West African countries that are part of the West African Economic and Monetary Union (WAEMU). It is issued by the Central Bank of West African States (BCEAO) and is pegged to the Euro, ensuring stability in exchange rates and promoting economic cooperation among member states.