Convert Papua New Guinean Kina to Malagasy Ariary
Please provide values below to convert Papua New Guinean Kina [PGK] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Malagasy Ariary
1 PGK = 0.000948315859773184 MGA
Example: convert 15 PGK to MGA:
15 PGK = 15 × 0.000948315859773184 MGA = 0.0142247378965978 MGA
Papua New Guinean Kina to Malagasy Ariary Conversion Table
| Papua New Guinean Kina | Malagasy Ariary |
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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.
Malagasy Ariary
The Malagasy Ariary (MGA) is the official currency of Madagascar, used for all monetary transactions within the country.
History/Origin
The Ariary was introduced in 1961, replacing the Malagasy franc, and was initially pegged to the French franc. It was revalued in 2005, establishing the current decimal system and modernizing the currency.
Current Use
The MGA is actively used as Madagascar's legal tender, with coins and banknotes circulating throughout the country for everyday transactions and commerce.