Tongan Paanga in CFP 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.

XPF CFP Franc

Country of application:
French Polynesia, New Caledonia, Wallis and Futuna.

Coin denominations in circulation:
1, 2, 5, 10, 20, 50, 100 francs.

Denominations of banknotes in circulation:
00, 1000, 5000, 10,000 francs.

History reference:
The French Pacific franc is the currency used in Frances overseas possessions: New Caledonia, French Polynesia, Wallis and Futuna. The international currency code is XPF, introduced in 1945. At the s...ame time, the peg was carried out not to the French (due to the instability of this currency) franc, but to the US dollar. The issue of currency is carried out by the Issuing Institute of Overseas Territories of France. When it was introduced in December 1945 (the CFA franc was introduced at the same time), the abbreviation CFP consisted of the initial letters of the French words Colonies françaises du Pacifique (Pacific French colonies). Since 1967, the monetary unit has been called the "franc of the French offices in the Pacific" (from Comptoirs françaises du Pacifique - French offices in the Pacific). Now the abbreviation CFP (CFP) officially stands for Change Franc Pacifique (Pacific Exchange Franc).