PGK to ZMK
Currency conversion rates from PGK to ZMK
|1 PGK||1 ZMK|
|5 PGK||5 ZMK|
|10 PGK||10 ZMK|
|20 PGK||20 ZMK|
|50 PGK||50 ZMK|
|100 PGK||100 ZMK|
|250 PGK||250 ZMK|
|500 PGK||500 ZMK|
|1000 PGK||1000 ZMK|
|2000 PGK||2000 ZMK|
|5000 PGK||5000 ZMK|
|10000 PGK||10000 ZMK|
|1 ZMK||1 PGK|
|5 ZMK||5 PGK|
|10 ZMK||10 PGK|
|20 ZMK||20 PGK|
|50 ZMK||50 PGK|
|100 ZMK||100 PGK|
|250 ZMK||250 PGK|
|500 ZMK||500 PGK|
|1000 ZMK||1000 PGK|
|2000 ZMK||2000 PGK|
|5000 ZMK||5000 PGK|
|10000 ZMK||10000 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.
- 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.
ZMK - Zambian Kwacha (1968–2012) (ZMK)
Zambian Kwacha (1968–2012)
The Zambian Kwacha is the currency of Zambia, issued by the Bank of Zambia. The name Kwacha derives from the Nyanja and Bemba word for "dawn", alluding to the Zambian nationalist slogan of a "new dawn of freedom".
The Old Zambian Kwacha is the currency in Zambia (ZM, ZMB). The symbol for ZMK can be written ZK. The Old Zambian Kwacha is divided into 100 ngwee. The exchange rate for the Old Zambian Kwacha was last updated on May 24, 2019 from Yahoo Finance. The ZMK conversion factor has 4 significant digits.
- Zambia's economy has experienced strong growth in recent years, with real GDP growth more than 6% per year since 2005.
- Copper output has increased, thanks to copper mine privatization, higher copper prices and more foreign investment.
- Record high copper prices and a bumper maize crop in 2010 helped Zambia rebound quickly from the world economic slowdown that began in 2008.
- Poverty remains a significant problem in Zambia, despite its stronger economy. Almost 70% of Zambians live below the national poverty line (almost 80% in rural areas).
- Zambia ranks among the world's poorest nations in a variety of economic and social statistics and surveys: GDP per capita, competitiveness, life expectancy, infant mortality, and so on. A high birth rate and relatively high rate of HIV/AIDS put further strain on the economy.
- Zambia gained independence from Great Britain in 1964. In 1968, the Zambian Kwacha replaced the Pound at a rate of two Kwacha = 1 Pound.
- Kenneth Kaunda was the first president of Zambia in 1964, and stayed in office until 1991. During his regime, the value of the currency was fixed at a rate of approximately 1.2 Kwacha to 1 US Dollar. Until 1991, all Zambian banknotes featured a portrait of Kaunda on the obverse side (his image was later replaced by an African fish eagle).
- A severe economic crisis stemming from poor government oversight and overspending contributed to high inflation throughout the 1990s and 2000s. By 2006, it took 4,800 Kwacha to buy one US Dollar. The currency has more recently stabilized.