Papua New Guinean Kina in Azerbaijan Manat

PGK Papua New Guinean Kina

Country of application:
Papua New Guinea

Coin denominations in circulation:
5, 10, 20, 50 toe, 1 kina.

Denominations of banknotes in circulation:
2, 5, 10, 20, 50, 100 kina.

History reference:
The kina is the national currency of Papua New Guinea. In 1949, the Australian authorities united the two parts of the country, Australian pounds were introduced in the country, and in 1966, Australi...an dollars. After gaining independence in 1975 in New Guinea, the Australian currency became legal tender and the national currency, the kina, was introduced. The kina came into effect in April 1975 when it replaced the previous currency, the Australian dollar (AUD) as the countrys official currency. 1 kina is made up of 100 subunits called "toes". facilitating local trade.

AZN Azerbaijan Manat

Country of application:
Azerbaijan

Coin denominations in circulation:
50, 20, 10, 5, 3 and 1 qepik.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5, 2 and 1 manat.

History reference:
The countries of circulation are the Republic of Azerbaijan. The Azerbaijani manat became the national currency of the Republic in 1992. In November 1993, all tickets were withdrawn from circulation,... and in January 1994 the Azerbaijani manat received the status of a single means of payment. Putting into circulation in 1992, initially on a par with Soviet and then Russian rubles, largely influenced the status and purchasing value. Concomitant negative factors, which were first general political instability, and then the military conflict with neighboring Armenia, caused hyperinflation. As a result, by the beginning of 2006, the Central Bank of the country made a decision on the denomination, which turned out to be very successful in terms of further strengthening and stabilizing the exchange rate.