Monetary Policy Decision - February 2021
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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.
Statement by Sione Ngongo Kioa, Governor: Monetary Policy Decision
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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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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
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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
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’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.
Excluded Moneylenders Directive Notice
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The Reserve Bank is hereby issuing a directive that the following activities are excluded from conducting moneylending business under the Moneylenders Act 2018:
Ko kinautolu ‘oku ‘ikai kau he ngaahi Kautaha Nō atu ‘o e Pa’anga
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‘Oku tuku atu heni ‘a e tu’utu’uni ‘a e Pangikē Pule΄ fekau’aki mo kinautolu ‘oku ‘ikai lau ‘enau pisinisi΄ ’oku nau fakahoko ‘a e ngaahi pisinisi nō atu ‘o e pa’anga΄ ‘i he malumalu ‘o e Lao ki he Kakai Nō atu ‘o e Pa’anga΄ 2018:
General Public Awareness on Pyramid Schemes
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It has come to the attention of The National Reserve Bank of Tonga (Reserve Bank) that the public is engaged in investing with schemes that could fall under the definition of a pyramid scheme. The Reserve Bank warns the general public against participating in any pyramid scheme. If you wish to still participate in such a scheme, it will be at your own risk.
Fakatokanga ki he Kakai ‘o e Fonuá ‘o fekau’aki moe Ngaahi Palani Pilamita
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Kuo fakaa’u mai ki he Pangikē Pule Fakafonua ‘a Tongá ha ngaahi fakamatala ‘o fekau’aki pea mo e ‘alu ke tokolahi ange ‘a e kakai ‘o e fonuá ‘oku fakahū ke ma’u ha tupu ‘a ‘enau pa’angá ‘i ha ngaahi kautaha pe kulupu ‘oku hā mai ‘oku ne ma’u ‘a e natula mo e ‘uhinga ‘o ha ngaahi palani pilamita.
Monetary Policy Decision - November 2020
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The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 6th of November 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.
Legislation for Supervision and Regulation of Moneylenders in Tonga
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All moneylenders or persons conducting a moneylending business are required to be licensed by the Reserve Bank under the Moneylender Act 2018. All persons conducting moneylending business or wish to conduct a moneylending business are kindly requested to contact the National Reserve Bank of Tonga as soon as possible.
Monetary Policy Decision - September 2020
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The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 30th of September 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.
