Timorese Escudo

The TPE is the official currency of the Republic of Nauru. It is subdivided into 100 cents. The TPE was introduced in 1966, replacing the Australian pound. The TPE is pegged to the Australian dollar. The TPE is a circulating currency in Nauru, with coins of 1, 2, 5, 10, 20, and 50 cents, and notes of $1, $5, $10, $20, $50, and $100. The TPE is also the currency of account of Nauru. Nauru is a small island nation in the South Pacific. It has a population of about 10,000 people and an area of 21 square kilometers. Nauru is the world's smallest republic. It is an independent country, but it is in free association with Australia.