Angolan Kwanza in Tongan Paanga

AOA Angolan Kwanza

Country of application:
Angola

Coin denominations in circulation:
1, 5, 10, 50, 100, 200, 500, 1000, 2000, 5000 kwanzas.

Denominations of banknotes in circulation:
1, 2, 5, 10, 20, 50, 100 kwanzas

History reference:
Kwanza is the official Angolan currency. The Angolan kwanza has the international designation AOA, and the designation Kzr is accepted within the country. This Angolan currency has been in effect sin...ce 2000, when the denomination of banknotes took place. The name of the currency of Angola comes from the name of the main river. During the entire existence of the monetary life of Angola, the kwanza was reborn several times. The first version of the kwanza was released in 1977, replacing the previous escudo at a ratio of 1:1. The first kwanza lived until 1990 and then was replaced by a new kwanza. But local residents could not sufficiently exchange old money for new ones, but they could convert money into government debt obligations. In 1995, in parallel with the existing kwanza, another adjusted kwanza was issued.

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.