# Tongan paʻanga

> currency of Tonga

**Wikidata**: [Q4613](https://www.wikidata.org/wiki/Q4613)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Tongan_paʻanga)  
**Source**: https://4ort.xyz/entity/tongan-paanga

## Summary
The Tongan paʻanga is the official currency of Tonga, a sovereign state in Oceania. It succeeded the Tongan pound in 1967 and is issued by the Central Bank of Tonga. The currency is named after the archipelago's native word for "money."

## Key Facts
- The Tongan paʻanga replaced the Tongan pound on April 3, 1967.
- It is the official currency of Tonga, a sovereign state established in 1970.
- The currency is named after the Tongan word "paʻanga," meaning "money."
- The Central Bank of Tonga is responsible for issuing and regulating the paʻanga.
- The paʻanga is subdivided into 100 seniti, though seniti coins are no longer in circulation.
- The currency is classified as a generally accepted medium of exchange for goods and services.
- The paʻanga is one of the least traded currencies in the world due to Tonga's small economy.

## FAQs
**What is the history of the Tongan paʻanga?**
The Tongan paʻanga was introduced on April 3, 1967, replacing the Tongan pound. It was designed to stabilize Tonga's economy and align with the New Zealand dollar, which was used alongside it until 1976.

**Who regulates the Tongan paʻanga?**
The Central Bank of Tonga is responsible for issuing and regulating the paʻanga. The bank was established to oversee monetary policy and financial stability in the country.

**How is the Tongan paʻanga subdivided?**
The paʻanga is subdivided into 100 seniti, though seniti coins are no longer in circulation. The currency is issued in denominations of 1, 2, 5, 10, 20, and 50 paʻanga notes.

**Why is the Tongan paʻanga significant?**
The paʻanga is significant as it represents the financial system of Tonga, a small island nation in Oceania. Its introduction helped stabilize the economy and maintain financial stability in the region.

## Why It Matters
The Tongan paʻanga plays a crucial role in the financial system of Tonga, a sovereign state in Oceania. Its introduction in 1967 helped stabilize the economy and align with the New Zealand dollar, which was used alongside it until 1976. The currency is issued by the Central Bank of Tonga, which oversees monetary policy and financial stability. The paʻanga is subdivided into 100 seniti, though seniti coins are no longer in circulation. The currency is classified as a generally accepted medium of exchange for goods and services, reflecting its role in facilitating trade and economic activity in Tonga.

## Notable For
- The Tongan paʻanga is one of the least traded currencies in the world due to Tonga's small economy.
- The currency is named after the Tongan word "paʻanga," meaning "money," reflecting its cultural significance.
- The paʻanga was introduced to stabilize Tonga's economy and align with the New Zealand dollar.
- The Central Bank of Tonga is responsible for issuing and regulating the paʻanga, ensuring financial stability.
- The currency is subdivided into 100 seniti, though seniti coins are no longer in circulation.

## Body
### History
The Tongan paʻanga was introduced on April 3, 1967, replacing the Tongan pound. The currency was designed to stabilize Tonga's economy and align with the New Zealand dollar, which was used alongside it until 1976. The paʻanga is named after the Tongan word "paʻanga," meaning "money," reflecting its cultural significance.

### Regulation and Issuance
The Central Bank of Tonga is responsible for issuing and regulating the paʻanga. The bank was established to oversee monetary policy and financial stability in the country. The currency is issued in denominations of 1, 2, 5, 10, 20, and 50 paʻanga notes.

### Subdivision and Usage
The paʻanga is subdivided into 100 seniti, though seniti coins are no longer in circulation. The currency is classified as a generally accepted medium of exchange for goods and services, reflecting its role in facilitating trade and economic activity in Tonga.

### Significance
The Tongan paʻanga is significant as it represents the financial system of Tonga, a sovereign state in Oceania. Its introduction helped stabilize the economy and maintain financial stability in the region. The currency is one of the least traded currencies in the world due to Tonga's small economy.

## References

1. Freebase Data Dumps. 2013