Convert Papua New Guinean Kina to Israeli New Sheqel
Please provide values below to convert Papua New Guinean Kina [PGK] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Israeli New Sheqel
1 PGK = 1.25542600896861 ILS
Example: convert 15 PGK to ILS:
15 PGK = 15 × 1.25542600896861 ILS = 18.8313901345291 ILS
Papua New Guinean Kina to Israeli New Sheqel Conversion Table
| Papua New Guinean Kina | Israeli New Sheqel |
|---|
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.
Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.