Convert Papua New Guinean Kina to Saudi Riyal
Please provide values below to convert Papua New Guinean Kina [PGK] to Saudi Riyal [SAR], or Convert Saudi Riyal to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Saudi Riyal
1 PGK = 1.11984 SAR
Example: convert 15 PGK to SAR:
15 PGK = 15 × 1.11984 SAR = 16.7976 SAR
Papua New Guinean Kina to Saudi Riyal 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.
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.