Tongan Paanga in Brunei dollar

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.

BND Brunei dollar

Country of application:
Brunei, Singapore

Coin denominations in circulation:
5, 10, 20, 50 sep.

Denominations of banknotes in circulation:
1, 5, 10, 50, 100 dollars.

History reference:
The Brunei dollar is the currency of Brunei. Early currency in Brunei included cowrie shells. Brunei is famous for its bronze teapots, which were used as currency in trade along the coast of North Bo...rneo. Brunei issued pewter coins called pitis in 1285 AH (1868 AD). Their issue followed the one cent coins in 1304 AH. (1888 AD). This cent was equal to one hundredth of a dollar. The Brunei dollar replaced the Malayan dollar and the British Borneo dollar in 1967 after the formation of Malaysia and the independence of Singapore. Until June 23, 1973, the Malaysian ringgit was exchanged at par for the Singapore dollar and the Brunei dollar.