www.reservebank.to | Official Website of Tonga's central bank
The National Reserve Bank of Tonga (Reserve Bank) was established on 1 July 1989 as the central bank of Tonga.
The principal objectives of the Reserve Bank shall be to maintain internal and external monetary stability, promote financial stability and promote a sound and efficient financial system. The Reserve Bank shall conduct its activities in a manner that supports macroeconomic stability and economic growth.
Overseas Exchange Transactions for September 2020
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- Category: Economic Releases
- Created: 13 January 2021
The Overseas Exchange Transactions (OET) overall balance recorded a surplus of $20.4 million in September 2020 which is significantly higher than the previous month's surplus. OET receipts rose by $11.5 million (19.1%) while payments increased slightly by $0.1 million (0.1%) in September 2020. Read more in the Overseas Exchange Transactions of September 2020.
Remittances for September 2020
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- Category: Economic Releases
- Created: 30 December 2020
The decline of private transfer receipts, private capital transfers, and social benefits drove the remittances for the month lower, outweighing the rise in compensation of employees.. Read more in the Remittance for September 2020.
Monthly Economic Review for October 2020
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- Category: Economic Releases
- Created: 22 December 2020
Encouraging results from the COVID-19 vaccine developments has boosted business confidence and investments despite the rising number of positive cases. In the US, the Bureau of Labor Statistics shared that unemployment fell by 1.0% to 6.9% in October 2020 in line with businesses resuming activities in the services sector.
Statement by Sione Ngongo Kioa, Governor: Monetary Policy Decision
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- Category: Press Release
- Created: 11 December 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 8th of December 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors and to support the economy from the impacts of COVID-19.
Banking Sector Development for August 2020
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- Category: Economic Releases
- Created: 09 December 2020
Lending activities continue to fall in August 2020 due to slower growth in new loan commitments and the usual outstanding loan balance run-offs. During August 2020, the banks’ total deposits rose by $7.4 million (1.2%) to a total of $632.5 million. Read more on the Banking Sector Development for August 2020.
Reserve Bank conducted technical training on Tonga National Payment System
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- Category: Press Release
- Created: 03 December 2020
The National Reserve Bank of Tonga conducted technical training and consultation with all commercial banks on Tonga’s new National Payment System this Wednesday 2nd December 2020 at the Reserve Bank’s Level 4 Conference Centre.
Licensing of Moneylenders in Tonga Notice
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- Category: Public Notice
- Created: 02 December 2020
The National Reserve Bank of Tonga would like to REMIND any person or businesses who are conducting moneylending business without a license to contact the National Reserve Bank of Tonga immediately for licensing procedures and be licensed with the National Reserve Bank of Tonga by Friday 29th January 2021.
Laiseni ‘o e Kakai Nō atu ‘a e Pa’anga ‘i Tonga
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- Category: Public Notice
- Created: 02 December 2020
’Oku ‘oatu ‘a e fanongonongo΄ ni ko ha FAKAMANATU mei΄ he Pangikē Pule Fakafonua ‘o Tonga΄ ki he tokotaha pe kautaha kotoa pē ‘oku nau fakahoko ‘a e pisinisi ‘o e nō atu ‘o e pa’anga΄, ke mou fetu’utaki mai ki he Pangikē Pule′ he vave taha΄ ki hono fakaikiiki mo hono laiseni ‘a ho’o mou ngaahi kautaha nō′ ‘o ‘ikai toe tōmui ange ‘i he ‘aho Falaite 29 Sanuali 2021.
Excluded Moneylenders Directive Notice
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- Category: Press Release
- Created: 27 November 2020
The Reserve Bank is hereby issuing a directive that the following activities are excluded from conducting moneylending business under the Moneylenders Act 2018:
Ko kinautolu ‘oku ‘ikai kau he ngaahi Kautaha Nō atu ‘o e Pa’anga
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- Category: Press Release
- Created: 27 November 2020
‘Oku tuku atu heni ‘a e tu’utu’uni ‘a e Pangikē Pule΄ fekau’aki mo kinautolu ‘oku ‘ikai lau ‘enau pisinisi΄ ’oku nau fakahoko ‘a e ngaahi pisinisi nō atu ‘o e pa’anga΄ ‘i he malumalu ‘o e Lao ki he Kakai Nō atu ‘o e Pa’anga΄ 2018:
Foreign Reserves Statistics for November 2020
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- Category: Financial Statistics
- Created: 16 November 2020
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose over the month of November 2020 by $8.7 million to $590.2 million and equivalent to 9.9 months of imports. Read more on the Foreign Reserve Statistics for November 2020.
General Public Awareness on Pyramid Schemes
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- Category: Press Release
- Created: 12 November 2020
It has come to the attention of The National Reserve Bank of Tonga (Reserve Bank) that the public is engaged in investing with schemes that could fall under the definition of a pyramid scheme. The Reserve Bank warns the general public against participating in any pyramid scheme. If you wish to still participate in such a scheme, it will be at your own risk.
Fakatokanga ki he Kakai ‘o e Fonuá ‘o fekau’aki moe Ngaahi Palani Pilamita
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- Category: Press Release
- Created: 12 November 2020
Kuo fakaa’u mai ki he Pangikē Pule Fakafonua ‘a Tongá ha ngaahi fakamatala ‘o fekau’aki pea mo e ‘alu ke tokolahi ange ‘a e kakai ‘o e fonuá ‘oku fakahū ke ma’u ha tupu ‘a ‘enau pa’angá ‘i ha ngaahi kautaha pe kulupu ‘oku hā mai ‘oku ne ma’u ‘a e natula mo e ‘uhinga ‘o ha ngaahi palani pilamita.
Monetary Policy Decision - November 2020
- Details
- Category: Press Release
- Created: 11 November 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 6th of November 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors and to support the economy from the impacts of COVID-19.
