Historic Saudi riyal Tongan paʻanga

Saudi riyal tongan paʻanga history for January 2024. The highest quote for this month is 0.63092 (23/01/2024) and the lowest 0.62652 (28/01/2024). The difference between high and low is 0.7.

SAR TOP average rate for January 2024 is 0.62287, the change between 01/01/2024 and 31/01/2024 is -2.1 %.

01 January 20241 SAR = 0.6145 TOP
02 January 20241 SAR = 0.6140 TOP
03 January 20241 SAR = 0.6171 TOP
04 January 20241 SAR = 0.6177 TOP
05 January 20241 SAR = 0.6190 TOP
06 January 20241 SAR = 0.6187 TOP
07 January 20241 SAR = 0.6208 TOP
08 January 20241 SAR = 0.6197 TOP
09 January 20241 SAR = 0.6249 TOP
10 January 20241 SAR = 0.6278 TOP
11 January 20241 SAR = 0.6294 TOP
12 January 20241 SAR = 0.6197 TOP
14 January 20241 SAR = 0.6192 TOP
15 January 20241 SAR = 0.6225 TOP
16 January 20241 SAR = 0.6201 TOP
17 January 20241 SAR = 0.6228 TOP
18 January 20241 SAR = 0.6271 TOP
19 January 20241 SAR = 0.6284 TOP
22 January 20241 SAR = 0.6227 TOP
23 January 20241 SAR = 0.6243 TOP
24 January 20241 SAR = 0.6246 TOP
25 January 20241 SAR = 0.6250 TOP
26 January 20241 SAR = 0.6270 TOP
28 January 20241 SAR = 0.6265 TOP
29 January 20241 SAR = 0.6269 TOP
30 January 20241 SAR = 0.6299 TOP
31 January 20241 SAR = 0.6274 TOP

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national currency.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.
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