Originally Posted by
tail wheel
The Kina value is regulated by the Central Bank. It's true value if floated is estimated to be approximately 20% less than the current exchange rates. The PNG Government regulates the Kina value to avoid a significant increase in repayment of off shore debts.
imagine the influx of tourists if they devalued the KINA though. Surely that would compensate
Ela beach could be lined with umbrellas and sun loungers and go go bars