The paanga is the currency of the
Tonga. It is controlled by National Reserve Bank of Tonga (Pangikē Pule Fakafonua o Tonga) in
Nukualofa. The paanga is not convertible and is pegged to a basket of currencies comprising the
Australian,
New Zealand, and
United States dollars and the
Japanese yen.The paanga is subdivided into 100 seniti, the
ISO code is TOP and the usual abbreviation is T$ (¢ for seniti). In Tonga the paanga is often referred to in English as the dollar and the seniti as the cent. There is also the unit of hau (1 hau = 100 paanga) but this is not used in every day life and can only be found on commemorative coins of higher denominations.
See more at Wikipedia.org...
Free Download Now!
