Historic Papua New Guinean Kina Romanian leu

Papua New Guinean Kina romanian leu history for September 2023. The highest quote for this month is 1.3252 (28/09/2023) and the lowest 1.3331 (28/09/2023). The difference between high and low is -0.6.

PGK RON average rate for September 2023 is 1.29994, the change between 01/09/2023 and 30/09/2023 is -5.11 %.

01 September 20231 PGK = 1.269 RON
04 September 20231 PGK = 1.273 RON
05 September 20231 PGK = 1.275 RON
06 September 20231 PGK = 1.286 RON
07 September 20231 PGK = 1.322 RON
08 September 20231 PGK = 1.327 RON
11 September 20231 PGK = 1.293 RON
12 September 20231 PGK = 1.288 RON
13 September 20231 PGK = 1.282 RON
14 September 20231 PGK = 1.284 RON
15 September 20231 PGK = 1.295 RON
18 September 20231 PGK = 1.312 RON
19 September 20231 PGK = 1.323 RON
20 September 20231 PGK = 1.283 RON
21 September 20231 PGK = 1.282 RON
22 September 20231 PGK = 1.281 RON
25 September 20231 PGK = 1.295 RON
26 September 20231 PGK = 1.321 RON
27 September 20231 PGK = 1.332 RON
28 September 20231 PGK = 1.342 RON
29 September 20231 PGK = 1.334 RON

24/03/2020: COVID-19 Economic Impact

The COVID-19 pandemic had a significant impact on the Papua New Guinean economy and the value of the Kina, leading to economic challenges and policy interventions.

01/04/2019: Romania plans to adopt the euro

The Romanian government announces its intention to join the Eurozone and set a target date for adopting the euro as the national currency.

19/11/2018: Launch of New Kina Notes and Coins

The Bank of Papua New Guinea launched a new series of Kina banknotes and coins, featuring enhanced security features and improved design.

01/06/2005: Currency redenomination

Romania underwent a currency redenomination, with 10,000 old lei being exchanged for 1 new leu, to simplify transactions and eliminate zeros.

01/07/2003: Romania joins EU Accession

As part of joining the European Union, Romania pledges to adopt the euro in the future, aiming for greater economic integration.

08/05/1995: Introduction of Polymer Banknotes

Polymer banknotes were introduced in Papua New Guinea, replacing the traditional paper banknotes and providing increased durability.

28/02/1991: End of communist era

As communism collapsed, Romania undergoes economic reforms and introduces a free-floating exchange rate system for the leu.

28/07/1989: Kina Floats in Foreign Exchange Market

The Papua New Guinean Kina was allowed to float freely in the foreign exchange market, leading to fluctuations in its value.

03/02/1976: First Kina Banknotes Issued

The Bank of Papua New Guinea issued the first series of Kina banknotes, featuring unique designs and local elements.

19/12/1975: Independence from Australia

Papua New Guinea gained independence, leading to the introduction of the Papua New Guinean Kina as its currency.

19/12/1975: Introduction of the Kina

The Papua New Guinean Kina was officially introduced as the national currency, replacing the Australian Dollar at a rate of 2 Kina to 1 Australian Dollar.

30/12/1947: Communist regime introduces new leu

In an attempt to devalue the currency and control the economy, the Communist regime introduces a new leu at a ratio of 1:20,000.

01/03/1901: Introduction of the gold standard

Romanian leu was tied to the gold standard, ensuring the stability of the currency and attracting foreign investments.

01/04/1867: Creation of the Romanian leu

The leu was established as the official currency of Romania, replacing the previous currencies in circulation.