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Financial Institutions and Markets in Tonga

In: Financial Institutions and Markets in the South Pacific

Author

Listed:
  • Michael T. Skully

    (University of New South Wales)

Abstract

Located some 3000 kilometres north-east of Sydney and 650 kilometres east of Fiji, the Kingdom of Tonga consists of 171 islands covering some 360,000 square kilometres in area, but with a land area of only 747 square kilometres. Most of this land is divided between three main island groups running from north to south in two parallel chains: the Vava’u group in the north, Ha’apai in the centre and Tongatapu in the south. Of the islands, however, only 36 of the islands are inhabited and the bulk of the population lives on Tongatapu, Vava’u, Ha’apai, ’Eua, and Niuas: Tongatapu alone accounts for some 64 per cent of the Kingdom’s 106,000 population.

Suggested Citation

  • Michael T. Skully, 1987. "Financial Institutions and Markets in Tonga," Palgrave Macmillan Books, in: Financial Institutions and Markets in the South Pacific, chapter 3, pages 157-202, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-09623-7_3
    DOI: 10.1007/978-1-349-09623-7_3
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    Cited by:

    1. Little, Cameron, 2017. "The Tongan Board of Commissioners of Currency (1935-1989): Not an Orthodox Currency Board," Studies in Applied Economics 89, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.

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