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However, due to the 2 Pa'anga coin's large size and weight and the awkward shape of the 1 pa'anga, they failed to compete against the 1 and 2 Pa'anga notes that were simultaneously issued so production of these denominations ended in the 1980s due to low commercial demand. All 1 and 2 pa'anga coins still remain legal tender but are rarely used.
The National Reserve Bank of Tonga (NRBT; Tongan: Pangikē Pule Fakafonua ʻo Tongá) is the central bank of Tonga.The Reserve Bank is responsible for regulating the issue and supply of domestic and international currency, as well as promoting monetary stability and economic development.
The history of Tonga is recorded since the ninth century BC, when seafarers associated with the Lapita diaspora first settled the islands which now make up the Kingdom of Tonga. [1] Along with Fiji and Samoa, the area served as a gateway into the rest of the Pacific region known as Polynesia . [ 2 ]
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In 1936, one Tongan pound was devalued to be worth 16 shillings sterling, setting the Tongan pound equal to the Australian pound. Existing banknotes had the word "sterling" overstamped, later issues omitted the word altogether. In 1967, the pound was replaced by the pa'anga at a rate of £1 = T$2.
Tonga's precontact history was shared via oral history, which was passed down from generation to generation. By the 12th century, Tongans and the Tongan monarch, the Tuʻi Tonga , had acquired a reputation across the central Pacific – from Niue , Samoa , Rotuma , Wallis and Futuna , New Caledonia to Tikopia , leading some historians to speak ...
In 2021 the Tongan government committed to a target of 70% renewable energy by 2030. [4] In July 2012 Tonga Power opened Tonga's first solar photovoltaic generator, the 1.32 MW Maama Mai Solar Farm on Tongatapu. [5] [6] This was followed by a 6MW solar farm spread across three sites on Tongatapu. [7]
According to leading Tongan scholar Dr. 'Okusitino Mahina, the Tongan and Samoan oral traditions indicate that the first Tuʻi Tonga was the son of their god Tangaloa. [5] As the ancestral homeland of the Tuʻi Tonga dynasty and the abode of deities such as Tagaloa ʻEitumatupuʻa, Tonga Fusifonua, and Tavatavaimanuka, the Manuʻa islands of ...