Tongan paʻanga
| Tonga paʻanga (Tongan) | |
|---|---|
1 paʻanga | |
| ISO 4217 | |
| Code | TOP (numeric: 776) |
| Subunit | 0.01 |
| Unit | |
| Symbol | T$ (sometimes PT) |
| Denominations | |
| Superunit | |
| 100 | hau |
| Subunit | |
| 1⁄100 | seniti |
| Symbol | |
| seniti | ¢ |
| Banknotes | T$1, T$2, T$5, T$10, T$20, T$50, T$100 |
| Coins | |
| Freq. used | 5¢, 10¢, 20¢, 50¢, T$1 |
| Rarely used | 1¢, 2¢, T$2 |
| Demographics | |
| Date of introduction | 3 April 1967 |
| Replaced | Tongan pound |
| User(s) | Tonga |
| Issuance | |
| Central bank | Board of Commissioners of Currency (1967-1989) National Reserve Bank of Tonga (1989-) |
| Website | www |
| Valuation | |
| Inflation | 4.5% |
| Source | The World Factbook, 2012 est. |
The paʻanga is the currency of Tonga. It is controlled by the National Reserve Bank of Tonga (Pangikē Pule Fakafonua ʻo Tonga) in Nukuʻalofa. The paʻanga is not convertible and is pegged to a basket of currencies comprising the Australian, New Zealand, and United States dollars and the Japanese yen.
The paʻanga is subdivided into 100 seniti. The ISO code is TOP, and the usual abbreviation is T$ (¢ for seniti). In Tonga, the paʻanga is often referred to in English as the dollar, the seniti as the cent and the hau as the union. The unit of hau (1 hau = 100 paʻanga), is not used in everyday life and can be found only on commemorative coins of higher denominations.