Norwegian Krone in Tongan Paanga

NOK Norwegian Krone

Country of application:
Norway, Bouvet Island, Svalbard and Jan Mayen

Coin denominations in circulation:
20 10, 5 and 1 krone.

Denominations of banknotes in circulation:
1,000, 500, 100 and 50 kroons.

History reference:
The Norwegian krone has been the currency of Norway since 1874 (when the Norwegian krone banknotes began to be printed, and Norwegian coins have been known since 995), when it replaced the Norwegian ...daler. For the first time, the inhabitants of Norway were able to pay with their own coins under Olaf I Trygvasson, who ruled the kingdom of the harsh Vikings at the end of the 10th century. It should be noted that in Norway the production of coins is still the prerogative of the king. Only in the 17th century did a full-fledged mint appear in Oslo, which used silver from the nearest mines of Christiania to mint coins. Somewhat later, the mint was moved to Kongsberg, where the largest explored deposit of precious metals was located. Even despite the fact that in the late 50s of the XX century. the mine was depleted, the yard continues its work in this city.

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.