Convert Papua New Guinean Kina to Mongolian Tugrik
Please provide values below to convert Papua New Guinean Kina [PGK] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Mongolian Tugrik
1 PGK = 0.00118301995352434 MNT
Example: convert 15 PGK to MNT:
15 PGK = 15 × 0.00118301995352434 MNT = 0.0177452993028651 MNT
Papua New Guinean Kina to Mongolian Tugrik 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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.