Convert Papua New Guinean Kina to Iranian Rial
Please provide values below to convert Papua New Guinean Kina [PGK] to Iranian Rial [IRR], or Convert Iranian Rial to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Iranian Rial
1 PGK = 9.89545053798495e-05 IRR
Example: convert 15 PGK to IRR:
15 PGK = 15 × 9.89545053798495e-05 IRR = 0.00148431758069774 IRR
Papua New Guinean Kina to Iranian Rial 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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.