PGK Meaning and
Definition
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PGK is an acronym that stands for Papua New Guinean Kina, which is the national currency of Papua New Guinea. It is the official legal tender used in the country to carry out transactions and conduct financial activities. The currency is issued and regulated by the Bank of Papua New Guinea, the country's central bank.
The PGK is subdivided into 100 toea. It is represented by the currency code "PGK" and is commonly symbolized by the Kina sign (K). Introduced in 1975 shortly after Papua New Guinea gained independence from Australia, the PGK replaced the Australian dollar as the country's official currency. The banknotes of the PGK come in denominations of 2, 5, 10, 20, and 100 kina, while coins are available in 5, 10, 20, and 50 toea, as well as 1 and 2 kina.
As a legal tender, the PGK is widely accepted for all transactions within the country, including purchases, payments, and investments. It is also exchangeable with other international currencies in authorized exchange centers. The value of the PGK is subject to fluctuations due to various economic factors, including inflation, interest rates, and international trade.
Common Misspellings for PGK
- 0gk
- lpgk
- plgk
- p-gk
- 0pgk
- p0gk
- pvgk
- pgvk
- phgk
- pghk
- pygk
- pgyk
- pgjk
- pgkj
- ppgk
- pggk
- pgkk
- pg k
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