Convert Papua New Guinean Kina to Chinese Yuan
Please provide values below to convert Papua New Guinean Kina [PGK] to Chinese Yuan [CNY], or Convert Chinese Yuan to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Chinese Yuan
1 PGK = 0.585371973403588 CNY
Example: convert 15 PGK to CNY:
15 PGK = 15 × 0.585371973403588 CNY = 8.78057960105382 CNY
Papua New Guinean Kina to Chinese Yuan Conversion Table
| Papua New Guinean Kina | Chinese Yuan |
|---|
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.
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).