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.
Remittances for February 2021
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- Category: Economic Releases
- Created: 09 June 2021
In February 2021, remittance receipts slightly increased by $0.5 million (1.6%). This was largely driven by more support for households, specifically private transfers and private capital transfers. Total remittance receipts for the month represented 58.3% of the total Overseas Exchange Transactions (OET), compared to the 40.3% share in the previous month due to the fall in total OET receipts.
Security Officer Vacancy Opportunity
- Details
- Category: Vacancy
- Created: 04 June 2021
The National Reserve Bank of Tonga welcomes potential candidates to apply for a vacant post of a Security Officer. If you think you are the right candidate, please click on the link below to find more details and how to apply.
Banking Sector Development for March 2021
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- Category: Economic Releases
- Created: 03 June 2021
Broad money increased over the month and year to March 2021 by $4.2 million (0.6%) and $111.2 million (18.7%), respectively, to a total of $707.6 million. An improvement in net domestic assets underpinned the monthly rise whilst net foreign assets declined.
Monthly Economic Review for February 2021
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- Category: Economic Releases
- Created: 25 May 2021
The primary sector showed growth in March 2021. The total agricultural exports in March increased by 882.0 tonnes (178.9%). This was mainly driven by an increase in the export of cassava, yam and taro. However, the agricultural export proceeds over the month declined by $0.1 million (20.8%).
Foreign Reserves Statistics for April 2021
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- Category: Financial Statistics
- Created: 19 May 2021
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) decreased over the month of April 2021 by $6.0 million to $679.7 million, equivalent to 11.6 months of imports. This was mainly attributed to large payments for capital payments and oil imports. Nevertheless, foreign reserves still increased significantly over the year by $204.6 million underpinned by receipts of budget support, official grants, and remittances.
Statement by Sione Ngongo Kioa, Governor: Monetary Policy Decision - April 2021
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- Category: Press Release
- Created: 05 May 2021
The National Reserve Bank of Tonga’s Board of Directors at its meeting on the 30th of April 2021, 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.
Also read in Tongan: Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga
Overseas Exchange Transactions for January 2021
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- Category: Economic Releases
- Created: 30 April 2021
The official foreign reserves rose in January 2021 by $29.7 million (4.4%) to $705.3 million and equivalent to 12.0 months of imports. This was mainly attributed to the receipt of a government loan from the IMF Rapid Credit Facility.
Financial Intelligence Quarterly Reports for March 2021
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- Category: Financial Intelligence
- Created: 30 April 2021
The unit noted a decrease in number of reports submitted by the reporting financial institutions over this quarter compared to the previous quarter, except BCRs. The number of CTRs shows a significant increase compared to the same time last year.
Statement by Sione Ngongo Kioa, Governor: Monetary Policy Decision - March 2021
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- Category: Press Release
- Created: 06 April 2021
The National Reserve Bank of Tonga’s Board of Directors at its first board meeting for the year, on the 31st of March 2021, 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.
Also read in Tongan: Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga
Monetary Policy Decision - February 2021
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- Category: Press Release
- Created: 08 March 2021
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 1st of March 2021, approved to maintain its current monetary policy measures outlined below. 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.
Licensing of Moneylenders in Tonga
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- Category: Press Release
- Created: 03 February 2021
The Reserve Bank would like to acknowledge those who made an effort to register their moneylenders. However, the general public is hereby informed that the deadline for Moneylenders Registration is extended to Friday 5th February 2021.
Also read in Tongan: Laiseni 'o e Kautaha Nō atu 'a e Pa'anga 'i Tonga.
Statement by Sione Ngongo Kioa, Governor: Monetary Policy Decision - January 2021
- Details
- Category: Press Release
- Created: 29 January 2021
The National Reserve Bank of Tonga’s Board of Directors at its first board meeting for the year, on the 27th of January 2021, 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.
Also read in Tongan: Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga
Licensing of Moneylenders in Tonga
- Details
- Category: Press Release
- Created: 28 January 2021
The National Reserve Bank of Tonga would like to inform the general public that this is the FINAL REMINDER to anyone and ALL businesses who are conducting lending services to contact the National Reserve Bank of Tonga immediately for licensing procedures and be registered with the National Reserve Bank of Tonga by Friday 29th January 2021.
Also read in Tongan: Laiseni ‘o e Kautaha Nō atu ‘a e Pa’anga ‘i Tonga
Authorized Foreign Exchange Services
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- Category: Press Release
- Created: 28 January 2021
As required by section 4(1) of the Foreign Exchange Control Act 2018, the authority to conduct foreign exchange business in Tonga is restricted only to Authorized Persons licensed by the National Reserve Bank of Tonga.
Also read in Tongan: Ko kinautolu kuo fakamafai’i ‘e he Pangikē Pule Fakafonua ‘o Tonga ke nau Laiseni Fakafehū’aki Pa’anga Muli
