Tonga Introduces New Series of Banknotes into Circulation

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The National Reserve Bank of Tonga (NRBT) unveils new series of banknotes featuring Polymer substrates and enhanced security features. On December 4, the National Reserve Bank of Tonga (NRBT) marked a significant milestone with the launch of Tonga's new series of banknotes. The chosen date for the release holds special significance as it commemorates the birthday of King Tupou I, a key modernizer who reigned from 1845 to 1893. Produced in collaboration with De La Rue, the new banknote series incorporates both paper and polymer substrates, introducing updated security elements to enhance durability and deter counterfeiting. This redesign represents Tonga's first use of polymer in its currency since 2015. The series comprises 2-, 5-, 10-, 20-, 50-, and 100-pa’anga notes, with the colors remaining unchanged. Notably, the 5- and 10-pa’anga denominations have transitioned to polymer due to its proven durability, particularly for extensively circulated notes. With one pa’anga being e...
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Newly Printed Afghani Banknotes To Enter Circulation Soon

The issuance of new banknotes will be based on reasonable monetary policies that are balanced with economic growth and market necessity, according to the central bank’s announcement, which was released on Saturday, October 22.

The old banknotes will be systematically accumulated and withdrawn from circulation in accordance with already existing procedures, the announcement said. 

The new banknotes’ printing location and process are undisclosed. However, Thomas West, the US Special Representative for Afghanistan, stated during a virtual meeting that Washington is collaborating with international organizations, particularly the World Bank and the Asian Development Bank, to develop the framework for printing Afghan currency.

He added that the decision to transfer and replace old currency with new currency was made on Thursday, but he added that he was unsure of the precise date that it would be made available to the public.

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