JPY to PGK

JPY - Japanese Yen ()
PGK - Papua New Guinean Kina (K)
1 JPY1 PGK

Currency conversion rates from JPY to PGK

JPYPGK
1 JPY1 PGK
5 JPY5 PGK
10 JPY10 PGK
20 JPY20 PGK
50 JPY50 PGK
100 JPY100 PGK
250 JPY250 PGK
500 JPY500 PGK
1000 JPY1000 PGK
2000 JPY2000 PGK
5000 JPY5000 PGK
10000 JPY10000 PGK
PGKJPY
1 PGK1 JPY
5 PGK5 JPY
10 PGK10 JPY
20 PGK20 JPY
50 PGK50 JPY
100 PGK100 JPY
250 PGK250 JPY
500 PGK500 JPY
1000 PGK1000 JPY
2000 PGK2000 JPY
5000 PGK5000 JPY
10000 PGK10000 JPY

JPY - Japanese Yen (¥)

The Japanese yen, one of the strongest currencies in the world, is the official currency of Japan. It is the third most traded currency and is also used as a reserve currency for the British pound sterling and the US dollar. It is a fiat currency.

The Japanese Yen is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States Dollar and the Euro. The Japanese Yen is also widely used as a reserve currency after the US Dollar, Euro, and British Pound.

The Japanese Yen is the currency in Japan (JP, JPN, JAP). The Japanese Yen is divided into 100 sen. The exchange rate for the Japanese Yen was last updated on Today from The International Monetary Fund. The JPY conversion factor has 6 significant digits.

Economy

  • Japan has a strong industrial base and is home to some of the biggest and most technologically advanced producers of motor vehicles, electronics, machinery, steel and nonferrous metals, ships, chemicals, textiles, and processed foods.
  • Agricultural enterprises use 13 per cent of the land, and Japan accounts for nearly 15 percent of the global fish catch, second only to China.
  • As of 2010, Japan’s labor force consisted of about 65.9 million workers. Japan has a low unemployment rate of around 4%.
  • In 2007 almost one in six, or 20 million, Japanese people were living in poverty.
  • Housing in Japan is subject to the limited supply of available land in urban areas.

History

  • The Japanese Yen was officially adopted by the Meiji government on May 10, 1871. The new currency was gradually introduced from July of that year.
  • The Tokugawa Japanese Yen currency replaced a complex monetary system of the Edo period based on the mon.
  • The yen, basically a unit of the United States Dollar, originated like all Dollars from Spanish pieces of eight.

More information about JPY - Japanese Yen (¥)


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)