PGK to AMD
Currency conversion rates from PGK to AMD
|1 PGK||1 AMD|
|5 PGK||5 AMD|
|10 PGK||10 AMD|
|20 PGK||20 AMD|
|50 PGK||50 AMD|
|100 PGK||100 AMD|
|250 PGK||250 AMD|
|500 PGK||500 AMD|
|1000 PGK||1000 AMD|
|2000 PGK||2000 AMD|
|5000 PGK||5000 AMD|
|10000 PGK||10000 AMD|
|1 AMD||1 PGK|
|5 AMD||5 PGK|
|10 AMD||10 PGK|
|20 AMD||20 PGK|
|50 AMD||50 PGK|
|100 AMD||100 PGK|
|250 AMD||250 PGK|
|500 AMD||500 PGK|
|1000 AMD||1000 PGK|
|2000 AMD||2000 PGK|
|5000 AMD||5000 PGK|
|10000 AMD||10000 PGK|
AMD - Armenian Dram (֏)
The Armenian Dram (AMD) is the currency unit for Armenia. The Central Bank of Armenia owns the exclusive rights to issue the Dram. The symbol for the Dram has not yet become part of the Unicode standard.
The Armenian Dram is the currency in Armenia (AM, ARM). The Armenian Dram is divided into 100 luma. The exchange rate for the Armenian Dram was last updated on May 24, 2019 from Yahoo Finance. The AMD conversion factor has 5 significant digits.
- Before Armenia became independent, their economy was mainly industry-based: machinery, electronics, textiles, synthetic rubber, and processed food. Only 20% of the economy was agricultural products.
- The country developed its industries after 1991 and is now producing knitwear, shoes, silk, trucks, instruments, jewelry, software, brandy, metal-cutting machines, and is processing diamonds.
- Armenian mines form a large part of the economy: copper, zinc, lead, and gold.
- Armenia exports energy.
- Armenia’s economy does not have a strong history, due to the previous control by the Soviet Union.
- The country’s economy suffered a major draw back after the earthquake in 1998.
- Unemployment is a huge problem in Armenia.
- Originally silver coins called drams were used from 1199 to 1375.
- In 1991 Armenia became an independent republic, no longer part of the Soviet Union.
- In early 1993 the Central Bank of Armenia was opened, but Soviet Union banknotes still circulated until the end of 1993.
- The new Armenian Dram was also introduced at the end of 1993.
- Coins replaced the 50, 100, and 500 dram banknotes in 1998.
- After 2005 banknotes issued from 1993 to 1995 were taken out of circulation.
- A 500,000-dram banknote was issued in 2001 to commemorate Christianity in the country.
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.