Tongan Paanga in Guyanese 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.

GYD Guyanese Dollar

Country of application:
Guyana

Coin denominations in circulation:
1, 5, 10, 100 dollars.

Denominations of banknotes in circulation:
20, 50, 100, 500, 1000, 5000 dollars.

History reference:
The Guyanese dollar is the official currency of Guyana. Currency code: GYD. In Guyana, the national currency is the Guyanese dollar. It is split into 100 cents. The international letter designation o...f the currency is GYD, and its symbol is G$. In terms of denominations of coins and banknotes, the Guyanese dollar is not very diverse when compared with other currencies. So, you can find large denominations of 1000 and 500 dollars, and small denominations of 100 and 20. Coins are presented in only three types: 1, 5 and 10 dollars. A few years ago (in 2013) the authorities introduced the $5,000 bill. The cooperative republic of Guyana was colonized by Britain for a certain time. In those years, the state of Guyana was called British Guiana. The East Caribbean dollar was then used as the currency. It was a recognized unit of the OECS (Organization of the Eastern Caribbean States). Since the mid-60s of the last century, during the period of the states struggle for independence, the Bank of Guyana decides to put into circulation its own national currency of the country. This currency was the Guyanese dollar. Then it exchanged with the OECS dollar at a one-to-one rate.