Convert Chinese Yuan to Papua New Guinean Kina
Please provide values below to convert Chinese Yuan [CNY] to Papua New Guinean Kina [PGK], or Convert Papua New Guinean Kina to Chinese Yuan.
How to Convert Chinese Yuan to Papua New Guinean Kina
1 CNY = 1.70831547363909 PGK
Example: convert 15 CNY to PGK:
15 CNY = 15 × 1.70831547363909 PGK = 25.6247321045864 PGK
Chinese Yuan to Papua New Guinean Kina Conversion Table
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Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
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.