Swedish Krona to Papua New Guinean Kina

The Swedish Krona (symbol: kr, code: SEK, number 752) is the national currency introduced in 1873 as the currency of the Scandinavian Monetary Union. It has later on become the internal currency for Sweden. Although Sweden is a member of the EU, the payments are supposed to be done officially is in kronas.

So far, joining the Eurozone with further transition to the single currency system is not being considered. One krona is subdivided into 100 ore coins. Ore has been discontinued, remaining only part of the formal mathematical financial accounting.

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.