Historic Papua New Guinean Kina Lebanese pound

Papua New Guinean Kina lebanese pound history for January 2024. The highest quote for this month is 4101.15 (08/01/2024) and the lowest 4163.2 (25/01/2024). The difference between high and low is -1.51.

PGK LBP average rate for January 2024 is 4112.43042, the change between 01/01/2024 and 31/01/2024 is -2.91 %.

01 January 20241 PGK = 4042.84 LBP
02 January 20241 PGK = 4042.84 LBP
03 January 20241 PGK = 4159.73 LBP
04 January 20241 PGK = 4159.73 LBP
05 January 20241 PGK = 4157.43 LBP
06 January 20241 PGK = 4024.90 LBP
08 January 20241 PGK = 4095.12 LBP
09 January 20241 PGK = 4143.44 LBP
10 January 20241 PGK = 4095.45 LBP
11 January 20241 PGK = 4040.72 LBP
12 January 20241 PGK = 4090.13 LBP
15 January 20241 PGK = 4092.25 LBP
16 January 20241 PGK = 4092.58 LBP
17 January 20241 PGK = 4091.22 LBP
18 January 20241 PGK = 4140.49 LBP
19 January 20241 PGK = 4140.49 LBP
22 January 20241 PGK = 4089.15 LBP
23 January 20241 PGK = 4147.66 LBP
24 January 20241 PGK = 4163.47 LBP
25 January 20241 PGK = 4163.20 LBP
26 January 20241 PGK = 4164.35 LBP
29 January 20241 PGK = 4028.76 LBP
30 January 20241 PGK = 4171.88 LBP
31 January 20241 PGK = 4160.50 LBP

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.

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

08/05/1995: Introduction of Polymer Banknotes

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

28/07/1989: 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.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

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.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

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.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.
PGK LBP January 2024
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