Convert Papua New Guinean Kina to Cuban Peso
Please provide values below to convert Papua New Guinean Kina [PGK] to Cuban Peso [CUP], or Convert Cuban Peso to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Cuban Peso
1 PGK = 0.174975 CUP
Example: convert 15 PGK to CUP:
15 PGK = 15 × 0.174975 CUP = 2.624625 CUP
Papua New Guinean Kina to Cuban Peso 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.
Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.