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.
Government Bond Series No. 2 2020/2022 for sale
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- Category: Public Notice
- Created: 31 March 2020
The National Reserve Bank of Tonga would like to invite members of the public to invest in Government of Tonga Bond Series No.2 2020/2022 where applications will be accepted between 9:00 am to 4:00 pm on the 14th of April 2019. For more information, please follow the link below.
Reserve Bank will provide financial assistance to Government & Financial Institutions when needed
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- Category: Press Release
- Created: 26 March 2020
The Reserve Bank continues to assist Government and financial institutions to enhance preparedness to minimize the financial impact from COVID-19. At its Board of Directors meeting on the 26 March 2020, the Reserve Bank agreed to provide financial assistance to Government when needed, to facilitate its effort in providing some relief to the sectors affected by the COVID-19 outbreak.
Tokoni 'a e Pangike Pule ki he Pule'anga mo e Ngaahi Kautaha Fakapa'anga 'oka fiema'u
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- Category: Press Release
- Created: 26 March 2020
‘Oku hokohoko atu pē ‘a e tokoni ‘a e Pangikē Pule´ ki he Pule’anga´ mo e ngaahi kautaha fakapa’anga´ ke fakapapau’i ‘oku nau mateuteu ke nau malava ‘o matatali ha ngaahi uesia ‘e malava ke hoko mei he mafola ko ia ‘a e COVID-19. ‘I he fakataha ‘a e Poate ‘a e Kau Talēkita ‘a e Pangikē Pule´ ‘i he ‘aho 26 ‘o Ma’asi 2020, na’a nau tali ai ke fakahoko ha tokoni fakapa’anga ki he Pule’anga´ ke poupou ki he’enau ngāue ki hono tokoni’i fakapa’anga ‘a e ngaahi sekitoa ‘oku uesia mei he mafola ‘a e COVID-19.
Monetary Policy Decision - March 2020
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- Category: Press Release
- Created: 26 March 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 18th March 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 in order to support domestic economic activities and growth.
Monetary Policy Decision - February 2020
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- Category: Press Release
- Created: 26 March 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 25th February 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 in order to support economic growth and strengthen the monetary policy transmission mechanism.
Monthly Economic Review for January 2020
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- Category: Economic Releases
- Created: 26 March 2020
The IMF’s World Economic Outlook (WEO) in January 2020 forecasted global growth at 3.3% in 2020, a slight downward revision from its October 2019 WEO forecast of 3.4%, largely due to slower growth forecasted for emerging and developing economies. The Reserve Bank continues to be vigilant in closely monitoring developments in the domestic and global economies and stands ready to adjust its monetary policy setting to ensure financial and macroeconomic stability are maintained.
Banking System is ready to address the impact of the Corona Virus
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- Category: Press Release
- Created: 19 March 2020
The Governor reported that Tonga’s economic fundamentals are strong, however, the coronavirus (COVID-19) is expected to adversely impact the external account balances, the foreign reserves, the fiscal account and consequently economic growth. The Reserve Bank will continue to monitor and assess the coronavirus impact on the financial system and the economy, and will adjust these monetary policy measures, if required, to maintain financial and monetary stability.
Mateuteu 'a e ngaahi Pangike ki ha ngaahi uesia 'o e Kolona Vailasi
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- Category: Press Release
- Created: 19 March 2020
Na’e lipooti ‘e he Kōvana ‘o pehē ko e ngaahi tefito’i me’a ngāue faka’ekonomika ‘oku ‘i he tu’unga mālohi, ka neongo ia’ ‘oku fakafuofua ‘e ‘i ai ‘a e uesia lahi ‘e he COVID-19 ‘a e ngaahi ‘akauni palanisi fakatu’apule’anga, pa’anga mohe, ngaahi ‘akauni ‘a e pule’anga, pea pehē foki ki he ngaahi tupu faka’ekonōmika.
Banking Sector Development for November 2019
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- Category: Economic Releases
- Created: 16 March 2020
In November 2019, the banks’ total lending reached a new high level of $504.3 million, corresponding to higher business and household loans. The banks’ total deposits decreased over the month and year to November 2019, by $6.9 million (1.1%) and $6.1 million (1.0%) respectively to $607.6 million. Read more on the Banking Sector Development for November 2019.
Remittances for September 2019
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- Category: Economic Releases
- Created: 13 March 2020
Remittance receipts declined to $26.5 million in September 2019, 19.3% lower than the previous month which is a trend that is observed each year. The monthly decline resulted from lower receipts from families abroad and a fall in receipts from the compensation of employees. Read more in the Remittance for September 2019.
Overseas Exchange Transactions for September 2019
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- Category: Economic Releases
- Created: 13 March 2020
The balance of Overseas Exchange Transactions recorded a deficit of $0.9 million in September 2019, slightly improving from a $1.1 million deficit in August 2019. The monthly movement was attributed to a significant decline in total receipts by $13.5 million (19.5%) to $55.9 million. Read more in the Overseas Exchange Transactions of September 2019.
Foreign Reserves Statistics for February 2020
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- Category: Financial Statistics
- Created: 11 March 2020
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) declined by $3.1 million over the month, yet increased by $6.3 million over the year to January 2020 to $479.8 million. This is equivalent to 7.4 months of imports. Read more on the Foreign Reserve Statistics for February 2020.
Financial Intelligence Quarterly Reports for December 2019
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- Category: Financial Intelligence
- Created: 04 February 2020
The Financial Intelligence Unit received its team of assessors for the onsite visit in Tonga. This specific visit is for Tonga to understand its ML/TF risks and to conduct the first National AML/CFT Risk Assessment in the past years.
Monetary Policy Decision - January 2020
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- Category: Press Release
- Created: 24 January 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 21st January 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 in order to support economic growth and strengthen the monetary policy transmission mechanism.
Monetary Policy Decision - December 2019
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- Category: Press Release
- Created: 19 December 2019
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 17th December 2019, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending in order to support economic growth and strengthen the monetary policy transmission mechanism.
Reserve Bank's Annual Awards Night 2019
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- Category: Press Release
- Created: 13 December 2019
The Reserve Bank celebrated its Annual Awards Night on Thursday 12th December 2019 at its Conference Centre. The Awards Night is to highlight and recognise the achievements of the staff over the year against its Corporate Plan targets. The highlighted awards were given to the Best Performing Staff of the year, staff who made the Best Progress and the Security of the Year.
