COU to PGK

COU - Colombian Real Value Unit (COU)
PGK - Papua New Guinean Kina (K)
1 COU1 PGK

Currency conversion rates from COU to PGK

COUPGK
1 COU1 PGK
5 COU5 PGK
10 COU10 PGK
20 COU20 PGK
50 COU50 PGK
100 COU100 PGK
250 COU250 PGK
500 COU500 PGK
1000 COU1000 PGK
2000 COU2000 PGK
5000 COU5000 PGK
10000 COU10000 PGK
PGKCOU
1 PGK1 COU
5 PGK5 COU
10 PGK10 COU
20 PGK20 COU
50 PGK50 COU
100 PGK100 COU
250 PGK250 COU
500 PGK500 COU
1000 PGK1000 COU
2000 PGK2000 COU
5000 PGK5000 COU
10000 PGK10000 COU

COU - ()

More information about COU - ()


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)