Convert Papua New Guinean Kina to Peruvian Nuevo Sol
Please provide values below to convert Papua New Guinean Kina [PGK] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Peruvian Nuevo Sol
1 PGK = 1.18036933974197 PEN
Example: convert 15 PGK to PEN:
15 PGK = 15 × 1.18036933974197 PEN = 17.7055400961295 PEN
Papua New Guinean Kina to Peruvian Nuevo Sol Conversion Table
| Papua New Guinean Kina | Peruvian Nuevo Sol |
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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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.