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NZD / TOP
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Sep 20, 5:08:00 AM UTC · Disclaimer
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The New Zealand dollar is the official currency and legal tender of New Zealand including 2 freely associated states of New Zealand, 2 dependent territories of New Zealand and a British territory, the Pitcairn Islands. Within New Zealand, it is almost always abbreviated with the dollar sign. The abbreviations "$NZ" or "NZ$" are used when necessary to distinguish it from other dollar-denominated currencies. The New Zealand dollar was introduced in 1967. It is subdivided into 100 cents. Altogether it has five coins and five banknotes with the smallest being the 10-cent coin; smaller denominations have been discontinued due to inflation and production costs. In the context of currency trading, the New Zealand dollar is sometimes informally called the "Kiwi" or "Kiwi dollar", since the flightless bird, the kiwi, is depicted on its one-dollar coin. It is the tenth most traded currency in the world, representing 2.1% of global foreign exchange market daily turnover in 2019. Wikipedia
The paʻanga is the currency of Tonga. It is controlled by the National Reserve Bank of 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$. 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, is not used in everyday life and can be found only on commemorative coins of higher denominations. Wikipedia
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