PGK to TJS

PGK - Papua New Guinean Kina (K)
TJS - Tajikistani Somoni (сом.)
1 PGK1 TJS

Currency conversion rates from PGK to TJS

PGKTJS
1 PGK1 TJS
5 PGK5 TJS
10 PGK10 TJS
20 PGK20 TJS
50 PGK50 TJS
100 PGK100 TJS
250 PGK250 TJS
500 PGK500 TJS
1000 PGK1000 TJS
2000 PGK2000 TJS
5000 PGK5000 TJS
10000 PGK10000 TJS
TJSPGK
1 TJS1 PGK
5 TJS5 PGK
10 TJS10 PGK
20 TJS20 PGK
50 TJS50 PGK
100 TJS100 PGK
250 TJS250 PGK
500 TJS500 PGK
1000 TJS1000 PGK
2000 TJS2000 PGK
5000 TJS5000 PGK
10000 TJS10000 PGK

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)


TJS - Tajikistani Somoni (TJS)

Tajikistani Somoni

The Somoni is the currency of Tajikistan. It is named after the father of the Tajik nation, Ismail Samani. The Somoni was put into circulation on October 30, 2000 to replace the Tajikistani Ruble at the rate of 1 Somoni = 1,000 Rubles. The Somoni is subdivided into 100 dirams.

The Tajikistan Somoni is the currency in Tajikistan (TJ, TJK). The Tajikistan Somoni is divided into 100 dirams. The exchange rate for the Tajikistan Somoni was last updated on May 24, 2019 from Yahoo Finance. The TJS conversion factor has 5 significant digits.

Economy

  • The Tajikistani economy has been greatly weakened by six years of civil conflict and the resulting loss of markets for its products.
  • Tajikistan depends on international humanitarian assistance for much of its basic subsistence needs. Even if the peace agreement of June 1997 is honored, the country faces major problems in integrating refugees and former military personnel into the economy.
  • In 2006, the per capita GDP of Tajikistan was 85% of the 1990s level.
  • The population has increased from 5.3 million in 1991 to 7.3 million in 2009.
  • Despite resistance from vested interests, the government of Tajikistan has continued to pursue macroeconomic stabilization and structural reforms since 2000.

History

  • Somoni banknotes in circulation are denominated in 1, 5, 20, and 50 dirams and 1, 5, 10, 20, 50, and 100 Somoni.
  • The Somoni replaced the Tajikistani Ruble, which had been the currency since 1991.
  • Since 2001, the exchange rate has remained relatively stable. In January 2007, 3.21 Somoni = 1 USD.
  • From 2001–2003 Tajikistan’s inflation rates were 33 percent, 12.2 percent, and 16.3 percent, respectively.
  • In 2004 the rate fell to 6.8 percent, and the rate for 2005 was 7.1 percent.

More information about TJS - Tajikistani Somoni (TJS)