Euro in Tongan Paanga

EUR Euro

Country of application:
European Union, Austria, Aland Islands, Andorra, Belgium, Vatican, Guadeloupe, Guiana, Germany, Greece, Ireland, Spain, Italy, Latvia, Lithuania, Luxembourg, Mayotte, Malta, Martinique, Monaco, Netherlands, Portugal, Reunion, San Marino, Saint Pierre and Miquelon, Finland, France, French Southern and Antarctic Territories

Coin denominations in circulation:
2 and 1 euro, 50, 20, 10, 5, 2 and 1 cent.

Denominations of banknotes in circulation:
500, 200, 100, 50, 20, 10 and 5 euros.

History reference:
The Euro is a world currency on a par with the US dollar. It is also a reserve currency (along with the dollar, pound sterling, Japanese yen, Chinese yuan and Swiss franc). The euro symbol, €, is the... symbol for the Greek letter epsilon. According to the standards, the sign is printed in yellow on a blue background. The sign symbolizes Europe, and two parallel lines denote reliability and stability. Sometimes a character is written with one stroke instead of two. Euro is the official currency of 19 EU countries (Germany, France, Italy, Spain, Portugal, Austria, Belgium, Netherlands, Finland, Greece, Slovenia, Slovakia, Lithuania, Latvia, Estonia, Ireland, Luxembourg, Cyprus, Malta).

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.