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 June 2019
- Details
- Category: Economic Releases
- Created: 17 October 2019
The total remittance receipts for June 2019 declined to $27.0 million following the seasonal hike in May of each year. This was driven by lower receipts for private transfer, compensation of employees, and social benefits recorded over the month. The share of total remittances in the total OET receipts dropped to 26.8%. Read more in the Remittance for June 2019.
Overseas Exchange Transactions for June 2019
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- Category: Economic Releases
- Created: 17 October 2019
The official foreign reserves rose by $16.0 million in June 2019 to $484.3 million, equivalent to 7.9 months of import cover. As expected, higher official receipts for budgetary support and government funded projects contributed to the higher level of foreign reserves. Read more in the Overseas Exchange Transactions of June 2019.
VACANT POST AVAILABLE NOW!
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- Category: Public Notice
- Created: 14 October 2019
The National Reserve Bank of Tonga wishes to inform members of the public of an available post of a Senior Human Resource Assistant. Applications must be received no later than 4:00 pm Friday 25th October 2019. Click on the link below to learn more about the vacant post.
Foreign Reserves Statistics for September 2019
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- Category: Financial Statistics
- Created: 07 October 2019
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) declined by $1.0 million over the month of September 2019 to $490.8 million, equivalent to 8.1 months of imports, but rose over the year by $38.6 million. Read more on the Foreign Reserve Statistics for September 2019.
Banking Sector Development for April 2019
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- Category: Economic Releases
- Created: 07 October 2019
The total banks’ lending slightly fell over the month of April 2019 by 0.1%. Household loans decreased and offset the rise in business loans. The banks’ total deposits for April 2019 turned around, after declining in the past two months. Read more of the Banking Sector Development for April 2019 for more information
Monetary Policy Decision - September 2019
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- Category: Press Release
- Created: 24 September 2019
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 23rd September 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.
Monthly Economic Review for July 2019
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- Category: Economic Releases
Tonga presented their best local produce, catches, and crafts during the Royal Agricultural, Fisheries and Tourism Show in July 2019, where the emphasis was on ‘Smarter Agriculture’ for climate change. The secondary sector continued to show positive activities in July whereas the tertiary sector performances were mostly favourable during the month.
Monetary Policy Statement for February 2019
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- Category: Press Release
- Created: 06 September 2019
The National Reserve Bank of Tonga’s Board of Directors approved to release its Monetary Policy Statement (MPS) for February 2019. This Statement reviews Tonga’s economic growth and the Reserve Bank’s conduct of monetary policy in the six months to February 2019 and its outlook.
Reserve Bank hosts the AFSPC Meeting
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- Category: Press Release
- Created: 02 September 2019
The National Reserve Bank of Tonga (NRBT) and the Pacific Financial Technical Assistance Centre (PFTAC) are hosting the AFSPC 17th Annual Meeting and workshop from 2nd - 6th September 2019 at the National Reserve Bank of Tonga Level 4 - Conference Centre.
Financial Intelligence Quarterly Reports for June 2019
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- Category: Financial Intelligence
- Created: 22 August 2019
The FIU continued with its preparation for Tonga’s Mutual Evaluation through engaging technical assistances to develop framework to enhance the Reserve Banks anti-money laundering supervision function as well as assistance from the Cook Islands to contribute to drafting of Tonga’s Effectiveness Response.
Monetary Policy Decision - August 2019
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- Category: Press Release
- Created: 19 August 2019
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 15th August 2019, approved to maintain its current monetary policy measures outlined below. This is to encourage the utilization of the excess liquidity in the banking system, through further lending to support economic growth and strengthen the monetary policy transmission mechanism.
Unclaimed Monies Notice
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- Category: Public Notice
- Created: 12 August 2019
Please be advised that account holders (owners) of listed unclaimed monies are required to make your claim to your respective banks within 3 months from the first date of this publication. In accordance with section 82 of the Financial Institutions (Amendment) Act 2014 states that any remaining Unclaimed Monies after three (3)months claim period have met its expiry date, will be transferred to the government and will become government property.
Reserve Bank revised its Bank Licence Application Forms
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- Category: Press Release
- Created: 08 August 2019
The National Reserve Bank (Reserve Bank) would like to inform the general public that the Reserve Bank Board of Directors approved the revised Bank Licence Application Forms (Forms 1 - 4) to be effective on the 1st August, 2019, mainly to enhance the information required for the reviewing process of bank license applications.
Reserve Bank celebrates its Pearl Jubilee
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- Category: Press Release
- Created: 23 July 2019
Established on 1st July 1989, the National Reserve Bank of Tonga celebrated its 30th Anniversary on Friday 12th July 2019 at the Reserve Bank's Conference Centre, with a Thanksgiving Service. Lord Ma'afu and other distinguished guests including former employees, members from the public and private sectors joined the celebration. Read below for more information.
Unauthorized Foreign Exchange Services
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- Category: Press Release
- Created: 14 June 2019
The Reserve Bank wishes to advise the public that it is aware that certain retail shops throughout Tongatapu and the outer islands are providing foreign exchange services without a valid license more specifically cash conversion of foreign currency.
Currency Redesign Concept for the 5 & 10 Seniti
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- Category: Public Notice
- Created: 08 May 2019
In accordance with Clause 45 of the Constitution of Tonga and Section 25 of the National Reserve Bank of Tonga Act, the Bank made changes to Tonga’s current 5 & 10 seniti circulating coins to be easily identified by the public for their everyday cash transactions.
