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2 Pa'anga - Taufa'ahua
| Issuer | National Reserve Bank of Tonga |
|---|---|
| Year | 1995 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Pa`anga (1967-date) |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Baron Vaea von Houma & J. C. Cocker Baron Vaea von Houma & K. T. Fakafanua Prince Ulukalala & K. T. Fakafanua Prince Ulukalala & S. 'Utoikamanu |
| Protection type | Log in to see details |
| Protection description | Portrait watermark of King Tāufaʻāhau Tupou IV, visible in the blank oval area on the left of the obverse |
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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.