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.
Statement by Sione Ngongo Kioa, Governor: Monetary Policy Decision - April 2021
- Details
- 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
- Details
- 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.
Remittances for January 2021
- Details
- Category: Economic Releases
- Created: 29 April 2021
As usual for every year, remittance receipts declined in January 2021 following the significant rise in the peak season month of December 2020. Hence, total remittance receipts fell by $11.5 million (26.2%) in January 2021. Remittance receipts for the month accounted for 40.3% of the total Overseas Exchange Transactions (OET).
Monthly Economic Review for February 2021
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- Category: Economic Releases
- Created: 29 April 2021
The primary sector showed mixed growth in February 2021. Total agricultural exports rose during the month by 147.8 tonnes (42.8%) due to more yams and cassava exports. This coincided with a monthly increase in agricultural export proceeds by $0.3 million (52.1%).
Foreign Reserves Statistics for March 2021
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- Category: Financial Statistics
- Created: 19 April 2021
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) declined at the end of March 2021 by $6.7 million to $685.7 million, equivalent to 11.7 month of imports. This stemmed from an increase in transfers for large import payments. However, foreign reserves rose substantially over the year by $228.2 million.
Statement by Sione Ngongo Kioa, Governor: Monetary Policy Decision - March 2021
- Details
- 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
Banking Sector Development for December 2020
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- Category: Economic Releases
- Created: 25 March 2021
In December 2020, broad money rose above $700 million for the first time. Over the month and year to December 2020, broad money increased by $26.1 million (3.8%) and $105.3 million (17.5%), respectively, bringing the total broad money to a new high level of $707.5 million.
Monetary Policy Decision - February 2021
- Details
- 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
Statement by Sione Ngongo Kioa, Governor: Monetary Policy Decision
- Details
- 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.
