Tongan Paanga in Japanese Yen

TOP Tongan Paanga

Country of application:
Tonga

Coin denominations in circulation:
5, 10, 20, 50 senichi and 1 paanga.

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

History reference:
The Tongan paanga or Tongan dollar or Tongan dollar has been the national currency and money of the Kingdom of Tonga since 1967. Initially pegged to the Australian dollar, it has since 1991 been pegg...ed to a basket of currencies: the Australian and New Zealand dollars, the US dollar and the Japanese yen. Paanga was introduced on April 3, 1967. He replaced the pound at the rate of 1 pound = 2 paang. Until 11 February 1991, the paanga was pegged to the Australian dollar at par. Since then, a basket of currencies has been taken (see above) and the paanga has steadily declined. As in 2006, it takes about 1.60 T$ to get 1 Australian dollar. Official exchange rates are published daily by the National Reserve Bank, established on July 1, 1989, but towards the end of the day rather than early in the morning.

JPY Japanese Yen

Country of application:
Japan

Coin denominations in circulation:
500, 100, 50, 10, 5 and 1 yen.

Denominations of banknotes in circulation:
10,000, 5,000, 2,000 and 1,000 yen.

History reference:
The Japanese yen is the official currency of Japan, one of the worlds leading currencies, an important reserve currency along with the US dollar, euro and pound sterling. On the front side of Japanes...e banknotes, writers and educators are depicted: 10,000 yen - a portrait of Fukuzawa Yukichi, 5,000 - Nitobe Inazo, 2,000 - Murasaki Shikubu, and 1,000 - Natsume Soseki. Coins differ from each other in the material of manufacture and pattern. Made of nickel are 500 yen (with a paulownia flower on the front), 100 yen (sakura), and 50 yen (chrysanthemum). A 10 yen coin, which depicts the Phoenix Hall of Bedoin Monastery, and a 5 yen coin decorated with a rice ear are minted from bronze. 1 yen is made of aluminum and contains a symbolic image of a seedling. On the reverse side of the coins, as a rule, the denomination and year of issue are indicated. 5 and 50 yen have a hole in the center.