Convert Bulgarian Lev to Papua New Guinean Kina
Please provide values below to convert Bulgarian Lev [BGN] to Papua New Guinean Kina [PGK], or Convert Papua New Guinean Kina to Bulgarian Lev.
How to Convert Bulgarian Lev to Papua New Guinean Kina
1 BGN = 0.397104348240225 PGK
Example: convert 15 BGN to PGK:
15 BGN = 15 × 0.397104348240225 PGK = 5.95656522360337 PGK
Bulgarian Lev to Papua New Guinean Kina Conversion Table
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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.
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.