AFN to PGK
Currency conversion rates from AFN to PGK
|1 AFN||1 PGK|
|5 AFN||5 PGK|
|10 AFN||10 PGK|
|20 AFN||20 PGK|
|50 AFN||50 PGK|
|100 AFN||100 PGK|
|250 AFN||250 PGK|
|500 AFN||500 PGK|
|1000 AFN||1000 PGK|
|2000 AFN||2000 PGK|
|5000 AFN||5000 PGK|
|10000 AFN||10000 PGK|
|1 PGK||1 AFN|
|5 PGK||5 AFN|
|10 PGK||10 AFN|
|20 PGK||20 AFN|
|50 PGK||50 AFN|
|100 PGK||100 AFN|
|250 PGK||250 AFN|
|500 PGK||500 AFN|
|1000 PGK||1000 AFN|
|2000 PGK||2000 AFN|
|5000 PGK||5000 AFN|
|10000 PGK||10000 AFN|
AFN - Afghan Afghani (؋)
The Afghan Afghani (AFN) was introduced in 2003 as the new currency for Afghanistan. Two distinct rates were established: the government issue of 1000 and the northern alliance of 2000. Prior to 2003 the currency was the Afghanistan Afghani (AFA). There is no stock market. Money lending as well as foreign exchange is done through money bazaars.
The Afghan Afghani is the currency in Afghanistan (AF, AFG). The symbol for AFN can be written Af. The Afghan Afghani is divided into 100 puls. The exchange rate for the Afghan Afghani was last updated on May 24, 2019 from Yahoo Finance. The AFN conversion factor has 3 significant digits.
- Afghanistan relies on foreign aid, trade, and farming from bordering countries.
- The country and international concerns are focusing on improving infrastructure by creating jobs, promoting development of housing, and investing in education.
- International groups contributed over $2 billion to help Afghanistan’s dying economy.
- Afghanistan's agricultural products include wheat, wool, nuts, mutton, opium, lamb skin, and sheep skin.
- Afghanistan exports mainly nuts, fruit, carpets, and cotton.
- Imports include textiles, petroleum products, and capital goods.
- The first Afghani (AFA) was introduced in 1925. Before this time period the Afghan Rupee was the official currency.
- From the year 1925 to the year 1928 Afghani treasury notes were introduced.
- In 1975, all Afghanistan banks were nationalized.
- In 1981, the Afghani was pegged to the United States Dollar at 1 USD = 50 Afghanis.
- Afghanistan was taken over by Taliban rulers in 1996. The Taliban central bank declared the Afghanistan Afghani worthless and the bank cancelled the contract they had with Russia for printing their money. The country's currency was devalued against the US dollar to a rate of 1 USD = 43 Afghani.
- In 2002, the new Afghan Afghani currency (AFN) was introduced. In October, 2003 Afghanistan started using AFN as the official currency in local trade.
- In 2005, Afghani coins replaced the 1, 2, and 5 Afghani banknotes.
- Since 2005 the Afghanistan economy has grown at a steady pace.
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.
- 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.
- 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.