Papua New Guinean Kina to Chilean Peso

The kina (sign К, code PGK) is the currency of a state in Oceania – Papua New Guinea. The currency is not accepted for payment outside the country. One kina is subdivided into 100 smaller coins called toea.

The currency has become official in 1975. Before that, the country had a foreign currency, which was the Australian dollar. The appearance of the currency was connected to the fact that Papua New Guinea gained independence. At first, the Australian dollar also participated in payment operations, but in 1976, it was completely eliminated.

The Chilean peso (sign $, code CLP) is the national currency issued and spread only in Chile. The Chilean peso can be changed into coins named centavo. Every CLP has 100 centavos.

The currency had appeared in circulation in 1817, but was later replaced with escudo. However, the Chilean peso has been issued again. Today, both currencies are used at the same time. In 2008, the state mint has issued 50 commemorative coins with a misspelling of the country’s name. Some of these coins were sold at auction. Having a face value of 50 peso, their price could go up to 20 thousand peso. This nuisance led to the fact that the head of the mint was fired.