Convert Bosnia-Herzegovina Convertible Mark to Papua New Guinean Kina
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Papua New Guinean Kina [PGK], or Convert Papua New Guinean Kina to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Papua New Guinean Kina
1 BAM = 0.396985283611945 PGK
Example: convert 15 BAM to PGK:
15 BAM = 15 × 0.396985283611945 PGK = 5.95477925417917 PGK
Bosnia-Herzegovina Convertible Mark to Papua New Guinean Kina Conversion Table
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Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
Papua New Guinean Kina
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, used for all monetary transactions within the country.
History/Origin
Introduced in 1975, replacing the Australian dollar, the Kina was established to establish a national currency and promote economic independence for Papua New Guinea.
Current Use
The Kina is actively used in everyday transactions, banking, and trade within Papua New Guinea, with coins and banknotes issued by the country's central bank, the Bank of Papua New Guinea.