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.
Banking Sector Development for June 2020
- Details
- Category: Economic Releases
- Created: 19 October 2020
The banks’ total lending declined by $2.5 million(0.5%) over the month of June 2020, as a result of lower business and household loans. This reflects stagnant credit growth and the normal monthly repayment reducing the outstanding loans balances. Read more on the Banking Sector Development for June 2020.
Overseas Exchange Transactions for June 2020
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- Category: Economic Releases
- Created: 15 October 2020
The Overseas Exchange Transactions (OET) balance recorded its highest monthly surplus of $54.2 million in June 2020 compared to a $14.5 million surplus last month. This was fuelled mainly by the influx of transfer receipts. Read more in the Overseas Exchange Transactions of June 2020.
Foreign Reserves Statistics for September 2020
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- Category: Financial Statistics
- Created: 12 October 2020
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) increased significantly over the month of September 2020 by $20.4 million to $576.5 million, equivalent to 8.8 months of imports. Read more on the Foreign Reserve Statistics for September 2020.
Monetary Policy Decision - September 2020
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- Category: Press Release
- Created: 06 October 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 30th of September 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.
MSMEs Access to Finance - June 2020
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- Category: Inclusion
- Created: 05 October 2020
Amongst the National Reserve Bank of Tonga’s monetary policy actions is to focus on exploring measures to encourage the full utilization of the excess liquidity in the banking system for prudent lending activities to support economic growth. This includes undertaking financial inclusion initiatives to support inclusive economic growth.
Local Money Transfer - July 2020
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- Category: Inclusion
- Created: 05 October 2020
One of the Financial Access objectives is to improve the understanding and make better policies based on accurate and timely financial inclusion statistics and reports. To this end information on the financial services provided by Local Money Transfer services between Tongatapu and the outer islands to assist with assessing individual’s access to finance.
Remittances for July 2020
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- Category: Economic Releases
- Created: 02 October 2020
Despite expectations of a downturn due to the impacts of COVID-19, Tonga’s remittance persistently remains at very high levels over the past few months to July 2020. Read more in the Remittance for July 2020.
Monthly Economic Review for July 2020
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- Category: Economic Releases
- Created: 25 September 2020
The cancellation of major events such as the Royal Agricultural Show and the Heilala Week Festival for 2020, diminishes what normally would have been a vibrant month for domestic activities, as visitors arrive in Tonga for the mid-year school holidays and to attend the festivities.
Access to Finance - June 2020
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- Category: Inclusion
Tonga’s access to financial services showed a mixed outcome over the year to June 2020, with an increase in usage of the financial services whilst the access to financial services slightly declined. The rise in the usage of financial services indicates a change in financial consumer behaviour in opting for greater flexibility and options on selecting access points and financial services that best meet their needs due to the impact of COVID-19.
Monetary Policy Decision - August 2020
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- Category: Press Release
- Created: 03 September 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 31st of August 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.
Unclaimed Monies Notice
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- Category: Public Notice
- Created: 28 August 2020
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.
Monetary Policy Decision - July 2020
- Details
- Category: Press Release
- Created: 12 August 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 5th of August 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.
Release of 2018 Series $50 Banknote
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- Category: Public Notice
- Created: 04 August 2020
The Public is hereby notified that the National Reserve Bank of Tonga will release into circulation its 2018 series of $50 banknote bearing the signatures of the late Prime Minister 'Akilisi Pohiva, the former Minister of Finance, Pohiva Tu'i'onetoa and Governor of the Reserve Bank, Sione Ngongo Kioa.
Financial Intelligence Quarterly Reports for June 2020
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- Category: Financial Intelligence
- Created: 21 July 2020
During the June 2020 quarter, the FIU noted an increase in the number of reports filed in this quarter compared to the previous quarter. In collaboration with the Non-Banks supervision team, the FIU also conducted the quarterly compliance spot checks for foreign exchange dealers.
