Papua Niu Gini
Papua New Guinea
Bank of Papua New Guinea
Papua New Guinea hosted the 2018 Asia-Pacific Economic Cooperation (APEC) forum between 17-18 November 2018 in it's capital city, Port Moresby. A total of 21 nations in the Asia and Pacific region (Pacific Rim) attended this annual meeting. In addition to these, 13 leaders and representatives of the Pacific Island nations* in the Pacific region were also invited to this meeting. Whilst APEC meetings was first started in 1989 and was held in Canberra Australia, this is the first time the Papua New Guinea had hosted this event. The main purpose of APEC is to create greater prosperity among its members.
The current 21 members of APEC are - Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea (host 2018), Peru, Philippines, Russia, Singapore, Taiwan, Thailand, United States and Vietnam. It has a combined population of 2.6 billion or more than one third of the world's population.
To commemorate this special event, the Bank of Papua New Guinea issued a 100 Kina ND2018. The design of the note is the same as the current 100 Kina polymer note but with the APEC logo added to the top right corner of the note. In addition to this, the main design has been slightly altered as follows; -
1) The height of the note has been reduced from 151mm x 75mm to 151mm x 71mm;
2) The two Birds of Paradise are now a see-through feature and golden rolling colour effect are also added around the see-through window on both side of the note.
The signatures on the note are - Loi Martin Bakani (Bank Governor) and Dairi Vele (Secretary, Department of Treasury). It should also be noted that Papua New Guinea has been releasing commemorative banknotes using existing or current designs since 1991.
This is the first time a commemorative banknote has been issued to commemorate this APEC meeting since 1989. The next APEC meeting will be held in Santiago Chile on 16-17 November 2019 and then in Malaysia in 2020. This will be Malaysia's second time hosting this forum.
One Hundred Kina
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| ND2018 |
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| Reverse |
Note *
Cook Islands, Fiji, French Polynesia, Kiribati, Marshall Islands, Micronesia, Nauru, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu.
Nations in the Asia and Pacific region/rim who are not a member are: Cambodia, Colombia, Costa Rico, Ecuador, El Salvador, Guatemala, Honduras, Macau, Nicaragua, North Korea and Panama. To be a member of APEC, the nation's geographical location needs to have a pacific border and situated between Asia and America. Other nations which does not share a common geographical location can still apply to be a member. Cambodia has applied to be a member of APEC and is awaiting for approval. India has also applied to be a member but was not successful. Other countries have also shown their interest in joining and they are Mongolia, Laos, Sri Lanka, Bangladesh, Pakistan, Costa Rica, Panama, Ecuador and Colombia.
