AED to PGK

AED - United Arab Emirates Dirham (د.إ.‏)
PGK - Papua New Guinean Kina (K)
1 AED1 PGK

Currency conversion rates from AED to PGK

AEDPGK
1 AED1 PGK
5 AED5 PGK
10 AED10 PGK
20 AED20 PGK
50 AED50 PGK
100 AED100 PGK
250 AED250 PGK
500 AED500 PGK
1000 AED1000 PGK
2000 AED2000 PGK
5000 AED5000 PGK
10000 AED10000 PGK
PGKAED
1 PGK1 AED
5 PGK5 AED
10 PGK10 AED
20 PGK20 AED
50 PGK50 AED
100 PGK100 AED
250 PGK250 AED
500 PGK500 AED
1000 PGK1000 AED
2000 PGK2000 AED
5000 PGK5000 AED
10000 PGK10000 AED

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

  • The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
  • Natural gas and petroleum exports play an important role in the economy.
  • The service sector is also an important source of income.
  • Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
  • The United Arab Emirates is part of the World Trade Organization.
  • Imports are machinery, manufactured goods, and transport equipment.
  • In 2009, 85% of exports were natural resources.
  • The United Arab Emirates has the fastest-growing economy in the world.

History

  • The original currency in the United Arab Emirates was the Bahraini Dinar.
  • Before 1966 the United Arab Emirates used the Gulf Rupee.
  • The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
  • From 1973 to 1982 the United Arab Emirates issued the Dirham.
  • In 1976 the United Arab Emirates minted commemorative coins.
  • In the late 1980s a fixed rate was established between the Dirham and the USD.
  • 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
  • In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)


PGK - Papua New Guinean Kina (PGK)

Papua New Guinean Kina

The Kina is the official currency of Papua New Guinea. It is divided in a hundred toea. The Kina was issued on 19 April 1975, replacing the Australian Dollar. The term Kina comes from the Tolai area of Kuanua and refers to a precious pearl shell widely used in the area for buying and selling.

The Papua New Guinea Kina is the currency in Papua New Guinea (PG, PNG). The symbol for PGK can be written K. The Papua New Guinea Kina is divided into 100 toeas. The exchange rate for the Papua New Guinea Kina was last updated on May 24, 2019 from Yahoo Finance. The PGK conversion factor has 5 significant digits.

Economy

  • Over 75% of the nation's inhabitants are completely reliant on a subsistence economy.
  • Vast amounts of mineral resources (oil, copper, and gold) can be found in Papua New Guinea, making up nearly 3/4 of exports. Coffee, cocoa, tea, and palm oil are also major exports.
  • Papua New Guinea faces numerous challenges that prevent high economic growth, including its rugged terrain, high infrastucture development costs, law and order issues, and a poor system of land title.
  • Papua New Guinea’s economy is highly dependent imports for manufactured materials.

History

  • In 1975, a 1 Kina coin was introduced - spherical with a hole in the centre. This designation was gotten smaller since 2006 while its larger predecessor was removed from circulation in December, 2008.
  • Large denomination bills were introduced starting in 1977 with the 20 kina note. In 1990, a 50 kina banknote was inroduced, and in 2005 they launched the 100 kina note.
  • In 1980, 50 toea coins were introduced, though they were intended for commemorative means and were not consistent in design.
  • In 2008, a new, bimetallic, 2 kina coin was introduced to replace the two kina note.

More information about PGK - Papua New Guinean Kina (PGK)