Convert Papua New Guinean Kina to Lebanese Pound
Please provide values below to convert Papua New Guinean Kina [PGK] to Lebanese Pound [LBP], or Convert Lebanese Pound to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Lebanese Pound
1 PGK = 4.69206703910614e-05 LBP
Example: convert 15 PGK to LBP:
15 PGK = 15 × 4.69206703910614e-05 LBP = 0.000703810055865922 LBP
Papua New Guinean Kina to Lebanese Pound 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.
Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.