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.
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
- Details
- 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.
Banking Sector Development for March 2020
- Details
- Category: Economic Releases
- Created: 30 July 2020
The banks’ total lending marginally fell in March 2020 by $0.1 million (0.02%) to $499.7 million, similar to the total loans recorded in February 2020. The banks total deposits rose during the month of March 2020 by $8.9 million (1.5%). Read more on the Banking Sector Development for March 2020.
Overseas Exchange Transactions for February 2020
- Details
- Category: Economic Releases
- Created: 21 July 2020
The overall OET balance deficit improved over the month of February 2020 by $1.6 million to a $3.0 million deficit. Lower payments over the month was attributed to a decline in payments from the current account for goods, service, income and transfer payments. Read more in the Overseas Exchange Transactions of February 2020.
Financial Intelligence Quarterly Reports for June 2020
- Details
- 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.
Monthly Economic Review for May 2020
- Details
- Category: Economic Releases
- Created: 21 July 2020
Domestic activities for May have been slow as the country still maintains its COVID-19 restrictions. The Government has gradually eased up the restrictions on curfews and mass gatherings over the month, allowing businesses such as Bars and Night Clubs to open for a few hours.
Foreign Reserves Statistics for June 2020
- Details
- Category: Financial Statistics
- Created: 14 July 2020
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose over the month and year to June 2020 by $54.2 million and $59.5 million respectively to $543.8 million. This is equivalent to 8.2 months of imports. Read more on the Foreign Reserve Statistics for June 2020.
Remittances for April 2020
- Details
- Category: Economic Releases
- Created: 08 July 2020
The total remittance receipts for April 2020 fell by $2.5 million (9.6%) to $23.5 million largely driven by a decline in private transfers of $2.9 million (12.5%). Private capital transfer receipts also declined by $0.1 million (18.1%) whilst social benefit receipts remained unchanged. Read more in the Remittance for April 2020.
Authorized Foreign Exchange Services
- Details
- Category: Press Release
- Created: 02 July 2020
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. Members of the public are hereby advised that the following entities are Authorized Persons licensed to deal in foreign exchange under the Foreign Exchange Control Act 2018.
Monetary Policy Decision - June 2020
- Details
- Category: Press Release
- Created: 01 July 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 26th June 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.
Monetary Policy Decision - May 2020
- Details
- Category: Press Release
- Created: 03 June 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 29th May 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.
Monetary Policy Decision - April 2020
- Details
- Category: Press Release
- Created: 05 May 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 1st May 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.
Financial System Services Adjust to Comply with Government State of Emergency Rules relating to Covid-19
- Details
- Category: Press Release
- Created: 26 March 2020
The Reserve Bank continues to work together with Government, the Association of Banks and non-bank financial institutions to enhance preparedness to minimize the financial risks from Covid-19. At its Board of Directors meeting on the 26 March 2020, the Reserve Bank agreed to provide financial assistance to Government in its effort to provide financial relief to the sectors affected by the Covid-19 outbreak.
Monetary Policy Decision - March 2020
- Details
- Category: Press Release
- Created: 26 March 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 18th March 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 in order to support domestic economic activities and growth.
