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.
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.
Alliance for Financial Inclusion (AFI) Pacific Island Regional Initiative (PIRI) Regulatory Sandbox Roadshow
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- Category: Press Release
- Created: 26 November 2019
The National Reserve Bank of Tonga (NRBT) in collaboration with the Alliance for Financial Inclusion (AFI), and the Pacific Islands Regional Initiatives (PIRI) is conducting a 2 days roadshow on Regulatory Sandbox commencing from 26th – 27th November 2019.
South Pacific Central Bank Governors' Meeting
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- Category: Press Release
- Created: 21 November 2019
The Reserve Bank of Australia hosted Governors from South Pacific Central Banks on 19-20 November in Sydney for the 34th South Pacific Central Bank Governors’ Meeting.
Press Release a courtesy of the Reserve Bank of Australia.
Monetary Policy Decision - November 2019
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- Category: Press Release
- Created: 14 November 2019
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 11th November 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 September 2019
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- Category: Economic Releases
Activities in the primary sector were mixed in September 2019. The Reserve Bank still expects positive domestic economic activity in the medium term. Foreign reserves is at comfortable levels way above the minimum of 3 months of imports cover, while inflation is below the Reserve Bank’s reference rate of 5%.
Foreign Reserves Statistics for October 2019
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- Category: Financial Statistics
- Created: 08 November 2019
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) declined by $1.5 million over the month of October 2019 to $489.3 million, equivalent to 7.8 months of imports, but rose over the year by $32.0 million. Read more on the Foreign Reserve Statistics for October 2019.
Monetary Policy Decision - October 2019
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- Category: Press Release
- Created: 08 November 2019
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 28th October 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.
IMF: Public Financial Management Legal Framework
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- Category: Press Release
- Created: 05 November 2019
(On behalf of the IMF) The Legal Department of the IMF will offer a one-week course entitled Public Financial Management Legal Frameworks which will take place from February 24 - 28, 2020 at the Singapore Training Institute. The course will be dedicated to institutional and legal issues related to sound and effective public financial management. Visit this link for more information.
Reserve Bank paid $4.2 million to Government
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- Category: Press Release
- Created: 01 November 2019
The National Reserve Bank of Tonga Board of Directors and the Governor Sione Ngongo Kioa presented the annual dividend of the Bank for 2018/2019, a cheque of $4.2 million to the Minister for Finance, Honourable Tevita Lavemaau, on the 30th October 2019.
Banking Sector Development for July 2019
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- Category: Economic Releases
- Created: 22 October 2019
Following last month’s decline, the banks’ total lending picked up to a new high level of $491.1 million. This was an increase of $4.9 million (1.0%) and $38.2 million (8.4%), respectively, over the month and year to July 2019. Majority of this growth was for business lending, followed by household loans.
Remittances for June 2019
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- 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.
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.
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.
