There is increasing interest in the state of the economy: in particular the fall in the level of the Pa‘anga, the high level of inflation, and the economic reform programme. I intend to link these issues and to explain the economic and developmental factors behind them. In an educated, open society like Tonga’s, it is important that as many people as possible understand these important issues so that they can make informed contributions to the debate. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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Results for Tongan pa‘anga
Sunday 30 March 2003
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Nuku‘alofa, Tonga
Tonga’s Crown Prince Tupouto‘a offers a radical solution to Tonga’s inflation crisis: he says the low Pa‘anga is retarding the economy, and suggests that Tonga could dollarise its economy, to allow the US Dollar to become legal tender here. Interview by Pesi Fonua. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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Sunday 30 March 2003
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Nuku‘alofa, Tonga
The assessment by the International Monetary Fund of the Tongan macro-economy during the 2001-2002 fiscal year, highlighted their grave concern over the stagnating state of the economy, the depletion of the official reserves, the marked depreciation of the Pa‘anga, mounting public indebtedness, and the rapid increase in the inflation rate.. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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Thursday 1 October 1998
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Nuku‘alofa, Tonga
The value of the Tongan pa‘anga has continued to drop against the currencies of Tonga’s major trading partners during the past eight months.
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