Convert Papua New Guinean Kina to Cape Verdean Escudo
Please provide values below to convert Papua New Guinean Kina [PGK] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Cape Verdean Escudo
1 PGK = 0.0446803145517977 CVE
Example: convert 15 PGK to CVE:
15 PGK = 15 × 0.0446803145517977 CVE = 0.670204718276966 CVE
Papua New Guinean Kina to Cape Verdean Escudo Conversion Table
| Papua New Guinean Kina | Cape Verdean Escudo |
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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.
Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.