Macedonian Denar in Tongan Paanga

MKD Macedonian Denar

Country of application:
North Macedonia

Coin denominations in circulation:
1, 2, 5, 10, 50 denars.

Denominations of banknotes in circulation:
10, 50, 100, 200, 500, 1000 denars.

History reference:
The Macedonian dinar (denar) has been the national currency and money of the Republic of North Macedonia since 1992 after the collapse of Yugoslavia. A year later, in 1993, a denomination was carried... out in the ratio of 1 new denar to 100 old ones. The name dinar comes from the name of the ancient Roman monetary unit, the denarius. On September 8, 1991, it declared independence and seceded from Yugoslavia. The Macedonian denar as a national currency was introduced on April 26, 1992, first in the form of temporary coupons, and a year later in the form of the first full-fledged issue of coins and banknotes of dinars. The coupons indicated only the denomination without the name of the monetary unit, since the law on the Macedonian currency had not yet been adopted. The coupons were printed on low-quality, low-security paper purchased in Slovenia. The circulation was printed by the printing house "October 11" (Prilep). The design of coupons was developed by an employee of the Prilep printing house within a week.

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.