Tongan paʻanga 20 paanga notes introduced in 1985, followed by 50 paanga in 1988. In 1992, the National Reserve Bank of Tonga took over production of paper money. On 30 July 2008, a new banknote series with greater security features was introduced featuring George Tupou V and a redesigned look. During this issue, a 100 paanga banknote was introduced for the first time. The obverse of Tongan notes feature text in the Tongan language and shows the portrait of the monarch. The reverse is in English language and shows typical motives and landmarks of Tonga: the Haamonga a Maui Trilithon, a humpback
George Tupou V 1 August 2008, the King announced that he would relinquish most of his power and be guided by his Prime Minister's recommendations on most matters. The Prime Minister would also be in charge of day-to-day affairs. Tupou V would still have the powers to appoint judges and commute prison sentences. The King also sold off lucrative business interests as part of the announcement. In addition, the King announced that there would be parliamentary reform and elections in 2010. Fielakepa, the spokesman for the royal palace, said, "The Sovereign of the only Polynesian kingdom ... is voluntarily surrendering his powers to