Convert Saudi Riyal to Papua New Guinean Kina
Please provide values below to convert Saudi Riyal [SAR] to Papua New Guinean Kina [PGK], or Convert Papua New Guinean Kina to Saudi Riyal.
How to Convert Saudi Riyal to Papua New Guinean Kina
1 SAR = 0.892984712101729 PGK
Example: convert 15 SAR to PGK:
15 SAR = 15 × 0.892984712101729 PGK = 13.3947706815259 PGK
Saudi Riyal to Papua New Guinean Kina Conversion Table
| Saudi Riyal | Papua New Guinean Kina |
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
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.