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 November 2020
- Details
- Category: Economic Releases
- Created: 24 February 2021
Over the month of November 2020, the increase in net domestic assets and higher net foreign assets pushed broad money higher by $26.2 million (4.0%) to a new high level of $681.4 million. The higher net credit to the private sector and lower government deposits drove net domestic assets higher while increasing foreign reserves resulted in higher net foreign assets.
Foreign Reserves Statistics for January 2021
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- Category: Financial Statistics
- Created: 11 February 2021
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) increased in January 2021 by $29.7 million to $705.3 million and equivalent to 11.9 months of imports. This was mainly due to the receipt of a government loan from the IMF.
Overseas Exchange Transactions for November 2020
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- Category: Economic Releases
- Created: 11 February 2021
The Overseas Exchange Transactions (OET) overall balance recorded a higher surplus of $8.7 million in November 2020 compared to the $5.1 million surplus recorded in the previous month. OET payments fell by $5.1 million (8.7%) while receipts increased slightly by $0.2 million (0.3%) in November 2020.
Remittances for November 2020
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- Category: Economic Releases
- Created: 08 February 2021
In November 2020, total remittance receipts fell by $1.6 million (4.2%) as private transfers declined and outweighed the rise in employees' compensation and private capital transfers. However, the monthly remittance receipts for November 2020 was higher compared to November 2019 at $29.0 million.
Licensing of Moneylenders in Tonga
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- Category: Press Release
- Created: 03 February 2021
The Reserve Bank would like to acknowledge those who made an effort to register their moneylenders. However, the general public is hereby informed that the deadline for Moneylenders Registration is extended to Friday 5th February 2021.
Also read in Tongan: Laiseni 'o e Kautaha Nō atu 'a e Pa'anga 'i Tonga.
Statement by Sione Ngongo Kioa, Governor: Monetary Policy Decision - January 2021
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- Category: Press Release
- Created: 29 January 2021
The National Reserve Bank of Tonga’s Board of Directors at its first board meeting for the year, on the 27th of January 2021, 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.
Also read in Tongan: Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga
Licensing of Moneylenders in Tonga
- Details
- Category: Press Release
- Created: 28 January 2021
The National Reserve Bank of Tonga would like to inform the general public that this is the FINAL REMINDER to anyone and ALL businesses who are conducting lending services to contact the National Reserve Bank of Tonga immediately for licensing procedures and be registered with the National Reserve Bank of Tonga by Friday 29th January 2021.
Also read in Tongan: Laiseni ‘o e Kautaha Nō atu ‘a e Pa’anga ‘i Tonga
Authorized Foreign Exchange Services
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- Category: Press Release
- Created: 28 January 2021
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.
Also read in Tongan: Ko kinautolu kuo fakamafai’i ‘e he Pangikē Pule Fakafonua ‘o Tonga ke nau Laiseni Fakafehū’aki Pa’anga Muli
Financial Intelligence Quarterly Reports for September 2020
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- Category: Financial Intelligence
- Created: 26 January 2021
During the December 2020 quarter, the unit noted a decrease in the number of reports filed in this quarter compared to the previous quarter. Tonga received a new timeline concerning its Mutual Evaluation (ME) process and the unit coordinated the review of the draft ME report by the members of the Working Group on Serious Financial Crimes.
Monthly Economic Review for November 2020
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- Category: Economic Releases
- Created: 19 January 2021
The primary sector showed dampened outcomes in November 2020. The total volume of agricultural exports decreased over the month by 55.6 tonnes (5.0%) due to lower root crops exported, particularly taro and yam. This was coupled with the decline in exported watermelons by 81.5 tonnes.
Statement by Sione Ngongo Kioa, Governor: Monetary Policy Decision
- Details
- Category: Press Release
- Created: 11 December 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 8th of December 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.
Reserve Bank conducted technical training on Tonga National Payment System
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- Category: Press Release
- Created: 03 December 2020
The National Reserve Bank of Tonga conducted technical training and consultation with all commercial banks on Tonga’s new National Payment System this Wednesday 2nd December 2020 at the Reserve Bank’s Level 4 Conference Centre.
Licensing of Moneylenders in Tonga Notice
- Details
- Category: Public Notice
- Created: 02 December 2020
The National Reserve Bank of Tonga would like to REMIND any person or businesses who are conducting moneylending business without a license to contact the National Reserve Bank of Tonga immediately for licensing procedures and be licensed with the National Reserve Bank of Tonga by Friday 29th January 2021.
Laiseni ‘o e Kakai Nō atu ‘a e Pa’anga ‘i Tonga
- Details
- Category: Public Notice
- Created: 02 December 2020
’Oku ‘oatu ‘a e fanongonongo΄ ni ko ha FAKAMANATU mei΄ he Pangikē Pule Fakafonua ‘o Tonga΄ ki he tokotaha pe kautaha kotoa pē ‘oku nau fakahoko ‘a e pisinisi ‘o e nō atu ‘o e pa’anga΄, ke mou fetu’utaki mai ki he Pangikē Pule′ he vave taha΄ ki hono fakaikiiki mo hono laiseni ‘a ho’o mou ngaahi kautaha nō′ ‘o ‘ikai toe tōmui ange ‘i he ‘aho Falaite 29 Sanuali 2021.
