Tongan Pa'anga - TOP


The Pa’anga is the currency of the Tonga and is governed by the National Reserve Bank of Tonga. The Pa’anga is not convertible and is pegged to a basket of currencies including the Australian Dollar, New Zealand Dollar, US Dollar, and the Japanese Yen.


  • The manufacturing sector of Tonga consists of handicrafts and a few other small-scale industries, all of which account for only about 3% of GDP.
  • Commercial business activities also are on a small scale and are dominated to a large extent by the same large trading companies found throughout the South Pacific.
  • Tonga’s economy is characterized by a large no monetary sector and a heavy dependence on remittances from the half of the country's population that lives abroad, chiefly in Australia, New Zealand, and the United States.
  • Much of the monetary sector of the economy is dominated, if not owned, by the royal family and nobles. This is especially true of the telecommunications and satellite services.
  • Most of the small business activity, particularly retailing on Tongatapu, is now dominated by recent Chinese immigrants who arrived under a cash-for-passports scheme that ended in 1998.


  • The Pa’anga was introduced on April 3, 1967. It replaced the Pound at a rate of 2 Pa’anga = 1 Pound.
  • In September, 1974, the country's first commercial trading bank, the Bank of Tonga, opened.
  • Until February 11, 1991 the Pa’anga was pegged to the Australian Dollar at par. Since then, it has been pegged to a basket of currencies and has steadily declined.

General Information

Symbols and Names

  • Symbols: T$ 
  • Nicknames: none

ISO 4217 Code


Currency Subunits

  • Seniti = 1/100 of a Pa'anga


  • Bills: T$1, T$2, T$5, T$10, T$20, T$50, T$100
  • Coins: 1¢, 2¢, 5¢, 10¢, 20¢, 50¢

Countries Using This Currency

  • Tonga

Currencies Pegged To TOP :


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