Convert Papua New Guinean Kina to Bulgarian Lev
Please provide values below to convert Papua New Guinean Kina [PGK] to Bulgarian Lev [BGN], or Convert Bulgarian Lev to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Bulgarian Lev
1 PGK = 2.51822979131686 BGN
Example: convert 15 PGK to BGN:
15 PGK = 15 × 2.51822979131686 BGN = 37.7734468697529 BGN
Papua New Guinean Kina to Bulgarian Lev Conversion Table
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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.
Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.