Mozambican Metical in Tongan Paanga

MZN Mozambican Metical

Country of application:
Mozambique

Coin denominations in circulation:
1, 5, 10, 20, 50 centavos, 1, 2, 5 and 10 meticals.

Denominations of banknotes in circulation:
20, 50, 100, 200, 500 and 1000 meticals.

History reference:
The Mozambican metical has been the national currency and money of the Republic of Mozambique since 1980, after gaining independence from Portugal in 1875. In 2006, a denomination was carried out in ...a ratio of 1000: 1. The territory of the country is a collection of flat lowlands near the coast, which smoothly turn into highlands and the Mozambique Plateau in the north-west of the country. Among the largest rivers, the Zambezi and Ruvuma, which separates Mozambique and Tanzania, should be distinguished. The total area of Mozambique exceeds 800 thousand square kilometers. On July 1, 2006, Mozambique introduced the metical denomination at a rate of 1000:1. The new ISO 4217 code is MZN. New banknotes and coins were also introduced on July 1, 2006. The transition period, during which both the old and the new currencies had equal circulation, ended on December 31, 2006. During this period, the abbreviation MTn was used for new meticals, but then the abbreviation MT was used again.

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.