Historic Tongan paʻanga Iraqi dinar

Tongan paʻanga iraqi dinar history for February 2024. The highest quote for this month is 563.04 (20/02/2024) and the lowest 559.66 (17/02/2024). The difference between high and low is 0.6.

TOP IQD average rate for February 2024 is 554.5937, the change between 01/02/2024 and 29/02/2024 is +1.78 %.

01 February 20241 TOP = 554.0 IQD
02 February 20241 TOP = 556.5 IQD
03 February 20241 TOP = 556.9 IQD
04 February 20241 TOP = 556.9 IQD
05 February 20241 TOP = 548.0 IQD
06 February 20241 TOP = 542.2 IQD
07 February 20241 TOP = 549.9 IQD
08 February 20241 TOP = 553.8 IQD
09 February 20241 TOP = 563.4 IQD
12 February 20241 TOP = 548.1 IQD
13 February 20241 TOP = 560.0 IQD
14 February 20241 TOP = 557.3 IQD
15 February 20241 TOP = 558.1 IQD
16 February 20241 TOP = 559.2 IQD
17 February 20241 TOP = 559.7 IQD
18 February 20241 TOP = 559.7 IQD
19 February 20241 TOP = 548.2 IQD
20 February 20241 TOP = 551.8 IQD
21 February 20241 TOP = 560.4 IQD
22 February 20241 TOP = 556.9 IQD
23 February 20241 TOP = 557.3 IQD
24 February 20241 TOP = 557.7 IQD
25 February 20241 TOP = 557.7 IQD
26 February 20241 TOP = 543.3 IQD
27 February 20241 TOP = 552.0 IQD
28 February 20241 TOP = 560.7 IQD
29 February 20241 TOP = 544.1 IQD

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

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

15/10/2018: Government Formation

The formation of a new Iraqi government after parliamentary elections brought hopes of stability and potential economic growth, positively impacting the Iraqi dinar.

29/07/2014: Second Devaluation of the Paʻanga

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

10/06/2014: ISIS captures Mosul

The capture of Mosul by ISIS led to a further devaluation of the Iraqi dinar and economic instability in the region.

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.

15/10/2004: Introduction of New Iraqi Dinar

A new series of banknotes with enhanced security features was introduced to replace the previous Iraqi dinar notes.

20/03/2003: US-led Invasion of Iraq

The US-led invasion led to the collapse of the Iraqi government, causing instability and a sharp decline in the value of the Iraqi dinar.

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.

02/08/1990: Iraq invades Kuwait

Iraq's invasion of Kuwait resulted in international economic sanctions and further devaluation of the Iraqi dinar.

22/09/1980: Iran-Iraq War Begins

The Iran-Iraq war started, leading to significant economic challenges and inflation which impacted the Iraqi dinar.

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.

03/10/1932: Independence of Iraq

The Iraqi dinar was introduced as the official currency of Iraq following its independence from British occupation.
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