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.
Foreign Reserves Statistics for January 2020
- Details
- Category: Financial Statistics
- Created: 12 February 2020
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) declined by $4.5 million over the month, yet increased by $4.0 million over the year to January 2020 to $482.9 million. This is equivalent to 7.5 months of imports. Read more on the Foreign Reserve Statistics for January 2020.
Financial Intelligence Quarterly Reports for June 2019
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- Category: Financial Intelligence
- Created: 04 February 2020
The Financial Intelligence Unit received its team of assessors for the onsite visit in Tonga. This specific visit is for Tonga to understand its ML/TF risks and to conduct the first National AML/CFT Risk Assessment in the past years. A draft of Tonga’s National AML/CFT Risk Assessment Report has been disseminating to relevant agencies for their comments and later on the Cabinet Committee endorsed such report as well as the country’s first National AML/CFT Strategy.
Monetary Policy Decision - January 2020
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- Category: Press Release
- Created: 24 January 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 21st January 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 in order to support economic growth and strengthen the monetary policy transmission mechanism.
Monthly Economic Review for November 2019
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- Category: Economic Releases
- Created: 23 January 2020
Partial indicators of domestic activity slowed in November 2019. the Reserve Bank expects a general slowdown in domestic economic activity for the medium term. Foreign reserves are projected to remain at comfortable levels above the minimum of 3 months of import cover. The inflation rate is forecast to remain relatively low yet stable and below the Reserve Bank’s reference rate of 5%.
Monetary Policy Decision - December 2019
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- Category: Press Release
- Created: 19 December 2019
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 17th December 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.
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.
Remittances for July 2019
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- Category: Economic Releases
- Created: 06 December 2019
The total remittances for July 2019 rose by $5.1 million (18.9%) to a total $32.1 million, attributed to higher private transfer receipts which are mainly family support. The events during the month contributed to this high level which included various events of the Heilala Week Festival, and other church and family events. Read more in the Remittance for July 2019.
Overseas Exchange Transactions for July 2019
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- Category: Economic Releases
- Created: 06 December 2019
The overall Overseas Exchange Transactions (OET) balance in July 2019 recorded a $8.6 million surplus compared with a $16.0 million surplus in June 2019. Both the total receipts and total payments declined over the month, however total receipts was higher at $66.3 million compared to total payments at $60.7 million. Read more in the Overseas Exchange Transactions of July 2019.
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.
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.
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.
Monetary Policy Decision - September 2019
- Details
- 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.
