Moroccan Dirham in Tongan Paanga

MAD Moroccan Dirham

Country of application:
Morocco

Coin denominations in circulation:
0.5, 1, 5, 10 dirhams.

Denominations of banknotes in circulation:
20, 50, 100 and 200 dirhams.

History reference:
The monetary unit of Morocco is the Moroccan dirham. The history of the national currency of Morocco is as interesting as the historical path of the kingdom itself. Despite the fact that the current ...currency in the country began to be used relatively recently, the history of the monetary system in this country is very old. Until 1921, the Moroccan rial was used in monetary circulation in Morocco. After 1921, the Moroccan rial is replaced by the Moroccan franc at the rate of 1 rial = 5 francs. In 1956, France recognized the independence of Morocco and reunified with Spanish Morocco, as a result of which the Spanish peseta was introduced into the money circulation in the ratio of 10 francs = 1 peseta. In 1960, the Moroccan dirham was introduced, consisting of 100 francs, and in 1974 the franc was replaced by a centime.

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.