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 March 2021
- Details
- Category: Financial Statistics
- Created: 19 April 2021
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) declined at the end of March 2021 by $6.7 million to $685.7 million, equivalent to 11.7 month of imports. This stemmed from an increase in transfers for large import payments. However, foreign reserves rose substantially over the year by $228.2 million.
Statement by Sione Ngongo Kioa, Governor: Monetary Policy Decision - March 2021
- Details
- Category: Press Release
- Created: 06 April 2021
The National Reserve Bank of Tonga’s Board of Directors at its first board meeting for the year, on the 31st of March 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
Remittances for December 2020
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- Category: Economic Releases
- Created: 30 March 2021
The total remittance receipts for December 2020 rose significantly by $6.8 million (18.3%), ending 2020 with a new record high of $43.8 million. This is the highest monthly remittance recorded compared to $32.4 million and $33.3 million in December 2019 and 2018.
Monthly Economic Review for January 2021
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- Category: Economic Releases
- Created: 26 March 2021
The primary sector performance slowed down in January 2021. Total agricultural exports decreased by 654.6 tonnes (65.5%) over the month, driven mainly by the decline in exports of root crops such as cassava, taro, yam, and fruit products, particularly squash.
Banking Sector Development for December 2020
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- Category: Economic Releases
- Created: 25 March 2021
In December 2020, broad money rose above $700 million for the first time. Over the month and year to December 2020, broad money increased by $26.1 million (3.8%) and $105.3 million (17.5%), respectively, bringing the total broad money to a new high level of $707.5 million.
Overseas Exchange Transactions for December 2020
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- Category: Economic Releases
- Created: 09 March 2021
The Overseas Exchange Transactions (OET) overall balance recorded a significantly higher surplus of $85.3 million in December 2020 compared to the $8.7 million surplus recorded in the previous month. OET receipts increased by $73.8 million while payments rose by $8.1 million (15.1%) in December 2020.
Monetary Policy Decision - February 2021
- Details
- Category: Press Release
- Created: 08 March 2021
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 1st of March 2021, approved to maintain its current monetary policy measures outlined below. 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.
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
- Details
- 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.
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
- Details
- 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.
