Saturday, September 18, 2021

Money & Shopping in Papua New Guinea

Australia and OceaniaPapua New GuineaMoney & Shopping in Papua New Guinea

There isn’t much shopping in the traditional sense. There are a few malls and supermarkets in the main cities. Otherwise, the majority of shopping is done at tiny markets that are conducted on an irregular basis. The artisan fair, which is hosted once a month in Port Moresby opposite Ela beach in the parking lot of the IEA TAFE College, is a must-see. Handicrafts from all around the nation may be purchased there. Although the costs are somewhat higher than in the villages, they are still quite affordable. Haggling is not a common practice; one may haggle a little, but doing so excessively may irritate the natives.

Currency

The kina (ISO 4217 code: PGK) is Papua New Guinea’s currency, and it is split into 100 toea.

Polymer banknotes in denominations of two, five, ten, twenty, fifty, and one hundred kina are in circulation.

ATMs are widely available in major cities (mainly Bank of the South Pacific, ANZ and Westpac – all should accept foreign cards). Other will charge hefty costs, while others may charge fees if you use a different bank, and some hotels may charge no fees (but are intended for guests only). Due to significant business expenses, money changers provide low rates (similar to money changers in Australia). Credit cards are widely accepted at bigger stores, hotels, and restaurants, but there have been instances of fraud on occasion. Small change is preferred by market vendors.