Convert Tongan Paanga to Chinese Yuan
Please provide values below to convert Tongan Paanga [TOP] to Chinese Yuan [CNY], or Convert Chinese Yuan to Tongan Paanga.
How to Convert Tongan Paanga to Chinese Yuan
1 TOP = 0.332371513402752 CNY
Example: convert 15 TOP to CNY:
15 TOP = 15 × 0.332371513402752 CNY = 4.98557270104127 CNY
Tongan Paanga to Chinese Yuan Conversion Table
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Tongan Paanga
The Tongan Paʻanga (TOP) is the official currency of Tonga, used as the primary monetary unit for transactions within the country.
History/Origin
The Paʻanga was introduced in 1967, replacing the Tongan pound at a rate of 1 Paʻanga = 10 shillings, to modernize Tonga's currency system and facilitate easier transactions.
Current Use
Today, the Paʻanga remains the official currency of Tonga, widely used in everyday transactions, banking, and trade within the country.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).