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 September 2022
- Details
- Category: Financial Statistics
- Created: 21 October 2022
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) increased over the month of September 2022 by $24.2 million to $895.3 million, equivalent to 14.3 months of imports. This stemmed mostly from receipts of budget support and project funds from development partners, in addition to remittances.
Counterfeit Banknotes
- Details
- Category: Public Notice
- Created: 04 October 2022
The National Reserve Bank of Tonga urges members of the public to be extra cautious when receiving Tongan pa’anga in light of the recent discoveries of counterfeit banknotes in $20, $50 and $100 denomination. These counterfeit banknotes are usually of poor quality and can be spotted quite easily if people take the time for a quick examination.
Monthly Economic Review for June 2022
- Details
- Category: Economic Releases
- Created: 27 September 2022
The Tongan economy is projected to contract again in FY2021/22 as a result of the HTHH disaster and the Omicron outbreak. A moderate recovery is expected for FY2022/23 supported by the recovery and reconstruction from the HTHH disaster and the reopening of the international borders.
Monetary Policy Decision - July 2022
- Details
- Category: Press Releases
- Created: 31 August 2022
The National Reserve Bank of Tonga’s Board of Directors, at its board meeting on the 24 August 2022, approved to retain its current accommodative monetary policy stance, while working in tandem with the Government to support economic recovery and macroeconomic stability.
Also read in Tongan:
Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga - Siulai 2022
Monetary Policy Decision - June 2022
- Details
- Category: Press Releases
- Created: 08 July 2022
The National Reserve Bank of Tonga’s Board of Directors, at its board meeting on the 30 June 2022, approved to maintain its current accommodative monetary policy stance while working in tandem with the Government to support economic recovery and macroeconomic stability.
Also read in Tongan:
Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga - Sune 2022
Crown Prince Tupouto'a 'Ulukalala launched the Reserve Bank's Domestic Electronic Payment System
- Details
- Category: Press Releases
- Created: 07 July 2022
His Royal Highness Crown Prince Tupouto’a ‘Ulukalala launched the Domestic Electronic Payment System (DEPS) marking the beginning of the progressive move towards digitalization of the payment system. The launching of the DEPS also coincided with the NRBT’s 33rd Anniversary on July 1, 2022.
Overseas Exchange Transactions for December 2021
- Details
- Category: Economic Releases
- Created: 06 July 2022
The Overseas Exchange Transactions (OET) recorded an overall surplus of $33.6 million in December 2021 compared to the $26.9 million surplus in November 2021. This stemmed mostly from increases in net transfer receipts and income, offsetting the widening trade and services deficits.
Central Banks committed to economic prosperity and wellbeing in South Pacific
- Details
- Category: Press Releases
- Created: 29 June 2022
At a meeting of South Pacific Central Bank Governors on 20 June 2022, the Governors reconfirmed their commitment to supporting the region’s access to cost effective remittances, retention of bank services and improving financial inclusion.
Courtesy of the Reserve Bank of New Zealand
Unauthorized Foreign Exchange Dealers
- Details
- Category: Press Releases
- Created: 16 June 2022
The Reserve Bank is aware that there are few businesses and individuals throughout Tongatapu and the outer islands that are providing foreign exchange services to the public without a valid Foreign Exchange Dealer license. Please be advised that the Only Authorized Persons to provide foreign exchange services to the public have obtained a valid license by the Reserve Bank.
Also read in Tongan:
Fakafetongi Pa’anga Muli Ta’efakalao
Remittances for December 2021
- Details
- Category: Economic Releases
- Created: 09 June 2022
Similar to previous years, remittance receipts peaked in December in line with the Christmas holidays. Remittance receipts hit a new monthly high of $51.9 million, which was $10.4 million (24.9%) higher than the previous month. The significant rise in private transfer receipts drove the monthly rise in remittance receipts.
Banking Sector Development for December 2021
- Details
- Category: Economic Releases
- Created: 27 May 2022
Credit growth is expected to remain subdued in the near term, while non-performing loans is projected to rise for businesses and households' housing and personal loans. These are mostly driven by the uncertainties of the COVID-19 pandemic, weak investment appetite, and softening aggregate demand.
Tonga: Staff Concluding Statement of the 2022 Article IV Mission
- Details
- Category: Press Releases
- Created: 14 May 2022
Tonga’s economic activity is slowly normalizing following the Hunga Tonga Hunga Haʻapai (HTHH) volcanic eruption and the local outbreak of COVID-19 in early 2022. The authorities’ strong policy response, together with swift humanitarian assistance by the international community, helped keep the economy afloat and protect the vulnerable.
Remittances for December 2021
- Details
- Category: Economic Releases
- Created: 11 April 2022
Similar to previous years, remittance receipts peaked in December in line with the Christmas holidays. Remittance receipts hit a new monthly high of $51.9 million, which was $10.4 million (24.9%) higher than the previous month. The significant rise in private transfer receipts drove the monthly rise in remittance receipts.
Monetary Policy Decision - December 2021
- Details
- Category: Press Release
- Created: 14 December 2021
The National Reserve Bank of Tonga’s Board of Directors, at its board meeting on the 30th of November 2021, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system for further lending to growth sectors and supporting the economic recovery from the impacts of COVID-19.
Also read in Tongan:
Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga - Tisema 2021
