Convert Papua New Guinean Kina to Eritrean Nakfa
Please provide values below to convert Papua New Guinean Kina [PGK] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Eritrean Nakfa
1 PGK = 0.27996 ERN
Example: convert 15 PGK to ERN:
15 PGK = 15 × 0.27996 ERN = 4.1994 ERN
Papua New Guinean Kina to Eritrean Nakfa Conversion Table
| Papua New Guinean Kina | Eritrean Nakfa |
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Papua New Guinean Kina
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, used for all monetary transactions within the country.
History/Origin
Introduced in 1975, replacing the Australian dollar, the Kina was established to establish a national currency and promote economic independence for Papua New Guinea.
Current Use
The Kina is actively used in everyday transactions, banking, and trade within Papua New Guinea, with coins and banknotes issued by the country's central bank, the Bank of Papua New Guinea.
Eritrean Nakfa
The Eritrean Nakfa (ERN) is the official currency of Eritrea, used for all monetary transactions within the country.
History/Origin
The Nakfa was introduced in 1997, replacing the Ethiopian Birr as Eritrea's national currency, to establish economic independence and stabilize the economy after independence in 1993.
Current Use
The ERN is actively used as the primary currency in Eritrea for everyday transactions, banking, and trade, with its value regulated by the country's central bank.