Tongan Paanga in Canadian 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.

CAD Canadian Dollar

Country of application:
Canada

Coin denominations in circulation:
2 and 1 dollar, 50, 25, 10 and 5 cents.

Denominations of banknotes in circulation:
100, 50, 20, 10 and 5 dollars.

History reference:
The Canadian dollar is the national currency and monetary unit of Canada. The country of currency circulation is Canada. The rate of the Canadian dollar is set during trading on the currency exchange... and is constantly changing. Its value depends on the balance of supply and demand. According to the accepted in the 70s. IMF Jamaican currency system, this method of determining the exchange rate is called free conversion. When, in 1759, part of the state was captured by British troops, more than 60 thousand people already lived in it, using French as their main language. Since 2011, this figure has exceeded seven million, and the language has become the second officially recognized state language. As a tribute to the traditional names of such colonies, most often the Quebecers, but also others, call banknotes plays (pesos), and change coins sous, instead of cents.