Tongan pound

1 T $ = £ 0.5 T 1 £ = T $ 2 T

The Tonga -pound (English Tongan pound) was from 1921 until switching to the Paanga in 1967, the valid national currency in Tonga. As the British pound was divided into 20 shillings, each 12 pence.

As Tonga was on May 18, 1900 by a treaty of friendship with the British protectorate, circulated soon after the British currency in the island state. This was replaced in Tonga gradual 1921-1933 by edited by the Tongan government bills with the inscription sterling, which had an unusual denomination in four shillings. 1936 these notes but was again replaced by the Tongan pound (T £), with a sterling corresponded exactly to one and a quarter pound Tonga. The Tonga -pound resembled so that the original Australian pound, which had been but 1936 already devalued. At the first notes, the term sterling was ruled out, later he was completely removed.

On April 3, 1967, including the Paanga has been introduced. The pound was traded at a 2:1 ratio. When naming the decision was against the concept of dollars because of this ( / vulgar pig snout and mouth, the soft end of the coconut, colloquial) to very similar to the Tongan word tola.

• Historical Currency Unit ( Australia and Oceania)
• History of Tonga