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.
Monthly Economic Update: February 2023
- Details
- Category: Economic Releases
- Created: 07 March 2023
The Reserve Bank continues to expect the Tongan economy to recover in the FY2022/23. Imports are projected to increase in line with the economic recovery, while remittance receipts and inflows from donor funds return to pre-pandemic levels. To sustain the ongoing economic recovery, prudent macroeconomic management and effective implementation of structural reforms including supply side measures will be critical.
Foreign Reserves Statistics for February 2023
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- Category: Financial Statistics
- Created: 02 March 2023
The official foreign reserves held at the end of January 2023 was recorded at $911.1 million, equivalent to 14 months of imports, above the minimum threshold of 3 months. Over the year, foreign reserves increased by $55 million.
Monetary Policy Statement for February 2023
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- Category: Press Release
- Created: 01 March 2023
The National Reserve Bank Board of Directors approved to release its Monetary Policy Statement (MPS) for February 2023 which outlines the revised monetary policy stance following a review of Tonga’s economic performance and macroeconomic conditions.
Monthly Economic Review for November 2022
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- Category: Economic Releases
- Created: 07 February 2023
The expected recovery for the Tongan economy in FY2022/23 is to continue even with the continuing impact of the invasion of Ukraine and global slow down. Imports are projected to strengthen in line with the economic recovery, while remittance receipts and inflows from donor funds return to pre-pandemic levels.
Tonga Appoints New Reserve Bank Governor
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- Category: Press Releases
- Created: 24 December 2022
The Reserve Bank is pleased to announce the Government appointment of Tatafu Moeaki on 20 December 2022 as the new Reserve Bank Governor. The appointment is made in accordance with Section 11 of the National Reserve Bank Act following an open recruitment process and recommendations by the Hon. Tiofilusi Tiueti, Minister of Finance in consultation with the Board of the Reserve Bank.
AUSTRAC partners with Tonga’s Transaction Reporting Authority to fight money laundering and boost regional security
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- Category: Press Releases
- Created: 22 December 2022
A fundamental objective of the Transaction Reporting Authority (TRA), Tonga’s financial intelligence unit (FIU) at the National Reserve Bank of Tonga (NRBT), is to develop and disseminate quality intelligence products to its domestic and international counterparts.
Directive Notice No. 3: Excluded Moneylenders
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- Category: Press Releases
- Created: 16 December 2022
The Reserve Bank is hereby issuing Directive No. 3 that supersedes Directive No. 2 issued on the 22nd November 2021 that the following entities are exempted from the Moneylenders Act:
Counterfeit Banknotes
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- 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.
Monetary Policy Decision - July 2022
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- 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
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- 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
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- 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
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- 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
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- 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
