20 and 50 pa'anga Counterfeit Notes Received
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The National Reserve Bank of Tonga has received five $50 pa'anga and two $20 pa'anga notes of the new design currency (King Tupou VI series) confirmed to be counterfeit notes. The Reserve Bank is concerned that there could be more of such $50 and $20 counterfeit notes in circulation.
Official foreign reserves rose by $41.9 million over the past year.
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Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) fell by $6.1 million over the month of November 2016 to $360.9 million, equivalent to 9.1 months of imports. However, official foreign reserves rose by $41.9 million over the past year.
Reserve Bank received three counterfeit 50 pa'anga notes
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- Category: Press Release
The National Reserve Bank of Tonga has received three $50 paánga notes of the new design currency confirmed to be counterfeit notes. The Reserve Bank is concerned that there could be more of such $50 counterfeit notes in circulation.
Reserve Bank recorded a $3.3 million rise in Foreign Reserves
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Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose by $3.3 million over the month of October 2016 to $367.0 million, equivalent to 9.3 months of imports. Official foreign reserves rose by $51.2 million over the past year.
Reserve Bank hosts a Micro, Small and Medium Enterprises Workshop
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The NRBT hosted the MSMEs Workshop on Friday 4th November 2016 to support the development of Micro, Small and Medium Enterprises (MSMEs) sector through improving their access to finance. This is part of the Maputo Accord 2015 commitment that NRBT committed to at the AFI’s 7th Global Policy Forum on 4th September 2015 in Maputo, Mozambique.
Foreign Reserves recorded a $2.6m fall in September
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Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) fell by $2.6 million over the month of September 2016 to $363.7 million, equivalent to 10.3 months of imports. However, official foreign reserves rose by $52.0 million over the past year.
Public Notice Regarding the 1 Pa'anga Coin
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The National Reserve Bank of Tonga wishes to inform the general public that the Reserve Bank has not received any report of a 1 Pa’anga counterfeit coin.
Reserve Bank won the Maya Declaration Award
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The Alliance for Financial Inclusion’s (AFI) 8th annual Global Policy Forum (GPF), co-hosted by the AFI and the Reserve Bank of Fiji, in Nadi, Fiji on 7th - 9th September 2016 has concluded. This year’s GPF, Building the Pillars of Sustainable Inclusion, was the largest and most diverse forum the AFI Network has ever held.
Foreign Reserves recorded a $1.1m fall in August
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Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) fell by $1.1 million over the month of August 2016 to $366.3 million, equivalent to 10.4 months of imports. However, Official foreign reserves rose by $55.4 million over the past year.
Reserve Bank to attend the 2016 Alliance for Financial Inclusion (AFI) Global Policy Forum
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Governor Kioa is leading a delegation from the National Reserve Bank of Tonga (NRBT) to attend the AFI’s 8th annual Global Policy Forum (GPF) in Nadi, Fiji on 7th - 9th September 2016. This forum is co-hosted by the AFI and the Reserve Bank of Fiji.
July recorded a $12.5 million rise in Foreign Reserves
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Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose by $12.5 million over July 2016 to $367.4 million, equivalent to 10.4 months of imports. Official foreign reserves rose by $64.8 million over the past year.
Pay out of former Pacific International Commercial Bank’s deposits and creditors
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The NRBT wishes to advise that we have re-commenced the pay out of claims by depositors and creditors of the former PICB. Payments may be collected from the NRBT according to the procedures advised in earlier notices.
