Catalog
2 Pa'anga - Taufa'ahua
| Issuer | National Reserve Bank of Tonga |
|---|---|
| Year | 1995 |
| Type | Log in to see details |
| Value | 2 Paʻanga (2 TOP) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PULE 'ANGA 'O TONGA PA 'ANGA 'E UA $2 PANGIKE PULE FAKAFONUA 'O TONGA PALEMIA 'O TONGA MINISITA PA'ANGA |
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| Reverse lettering | NATIONAL RESERVE BANK OF TONGA THIS NOTE IS LEGAL TENDER IN TONGA 2 PA'ANGA THOMAS DE LA RUE AND COMPANY LIMITED |
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| Comments |
The National Reserve Bank of Tonga was established only in 1989, replacing the Bank of Tonga and assuming full central bank responsibilities. This note entered circulation during a period when Tonga was navigating significant pressure to liberalize its heavily managed economy, with the pa'anga pegged to a trade-weighted basket of currencies rather than any single anchor — an arrangement that persisted despite chronic current account deficits throughout the 1990s.
Four signature combinations are documented across the P#32 series, reflecting genuine turnover in senior positions rather than a single reprint cycle. S. 'Utoikamanu later became Tonga's first female Foreign Minister.