Convert Papua New Guinean Kina to Tanzanian Shilling
Please provide values below to convert Papua New Guinean Kina [PGK] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Tanzanian Shilling
1 PGK = 0.00163393072669102 TZS
Example: convert 15 PGK to TZS:
15 PGK = 15 × 0.00163393072669102 TZS = 0.0245089609003653 TZS
Papua New Guinean Kina to Tanzanian Shilling Conversion Table
| Papua New Guinean Kina | Tanzanian Shilling |
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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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.