Tongan Paanga in Burundian franc

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.

BIF Burundian franc

Country of application:
Burundi

Coin denominations in circulation:
1, 5, 10, 50 francs.

Denominations of banknotes in circulation:
100, 500, 1000, 2000, 5000, 10000 francs.

History reference:
The Burundian franc BIF is the national currency of Burundi. During the German colonial period, the rupee of German East Africa was in use in Burundi. After the capture of Burundi by Belgian troops i...n 1916, first unofficially, and after 1919, the Belgian Congo franc was officially introduced into money circulation. In 1960, this currency was withdrawn from use in Rwanda and Burundi and the Rwandan and Burundian franc was introduced instead. In 1964, Burundi issued its own currency, which was called the Burundian franc.