Tonga’s new $50 paʻanga note is in the running for the International Banknote of the Year award 2016.

The 50 Paʻanga notes with a portrait of  King Tupou VI was released last year along with new other pa’anga notes including the $2, $5, $10, $20 and $100 to mark His Majesty’s coronation in 2015.

The new prints came after the $50 pa’anga note along with the  $100 paʻanga note were first printed in 1988.

The winner will be announced in April.

The other nominated notes for International Bank Note of the Year include New Zealand’s $5 and Singapore’s $50 note.

“The International Bank Note Society (IBNS) Banknote of the Year award is an initiative of the IBNS to recognize an exceptional banknote issued each year”.

Last year IBNS announced that it has selected the Central Bank of Trinidad and Tobago to receive it prestigious “Bank Note of the Year Award” for 2014.