Tonga Appoints New Reserve Bank Governor
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The Reserve Bank is pleased to announce the Government appointment of Tatafu Moeaki on 20 December 2022 as the new Reserve Bank Governor. The appointment is made in accordance with Section 11 of the National Reserve Bank Act following an open recruitment process and recommendations by the Hon. Tiofilusi Tiueti, Minister of Finance in consultation with the Board of the Reserve Bank.
AUSTRAC partners with Tonga’s Transaction Reporting Authority to fight money laundering and boost regional security
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A fundamental objective of the Transaction Reporting Authority (TRA), Tonga’s financial intelligence unit (FIU) at the National Reserve Bank of Tonga (NRBT), is to develop and disseminate quality intelligence products to its domestic and international counterparts.
Directive Notice No. 3: Excluded Moneylenders
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The Reserve Bank is hereby issuing Directive No. 3 that supersedes Directive No. 2 issued on the 22nd November 2021 that the following entities are exempted from the Moneylenders Act:
Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga - July 2022
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Na‘e tali ‘e he Poate ‘a e kau Talēkita ‘o e Pangikē Pule Fakafonua ‘o Tonga´ ‘i he ‘enau fakataha ‘i he ‘aho 30 ‘o Sune 2022, ke kei hoko atu pē ‘a e ngaahi fokotu’utu’u ngāue fakapa‘anga lolotonga´ ‘o ngāue fakataha mo e Pule‘anga´ ke poupou‘i hono fakaakeake ‘a e ‘ekonōmika´ mo e tupu faka’ekonōmika fakalūkufua´.
Monetary Policy Decision - July 2022
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The National Reserve Bank of Tonga’s Board of Directors, at its board meeting on the 24 August 2022, approved to retain its current accommodative monetary policy stance, while working in tandem with the Government to support economic recovery and macroeconomic stability.
Also read in Tongan:
Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga - Siulai 2022
Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga - Sune 2022
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Na‘e tali ‘e he Poate ‘a e kau Talēkita ‘o e Pangikē Pule Fakafonua ‘o Tonga´ ‘i he ‘enau fakataha ‘i he ‘aho 30 ‘o Sune 2022, ke kei hoko atu pē ‘a e ngaahi fokotu’utu’u ngāue fakapa‘anga lolotonga´ ‘o ngāue fakataha mo e Pule‘anga´ ke poupou‘i hono fakaakeake ‘a e ‘ekonōmika´ mo e tupu faka’ekonōmika fakalūkufua´.
Monetary Policy Decision - June 2022
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The National Reserve Bank of Tonga’s Board of Directors, at its board meeting on the 30 June 2022, approved to maintain its current accommodative monetary policy stance while working in tandem with the Government to support economic recovery and macroeconomic stability.
Also read in Tongan:
Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga - Sune 2022
Crown Prince Tupouto'a 'Ulukalala launched the Reserve Bank's Domestic Electronic Payment System
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His Royal Highness Crown Prince Tupouto’a ‘Ulukalala launched the Domestic Electronic Payment System (DEPS) marking the beginning of the progressive move towards digitalization of the payment system. The launching of the DEPS also coincided with the NRBT’s 33rd Anniversary on July 1, 2022.
Central Banks committed to economic prosperity and wellbeing in South Pacific
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At a meeting of South Pacific Central Bank Governors on 20 June 2022, the Governors reconfirmed their commitment to supporting the region’s access to cost effective remittances, retention of bank services and improving financial inclusion.
Courtesy of the Reserve Bank of New Zealand
Fakafetongi Pa’anga Muli Ta’efakalao
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‘Oku fakatokanga’i ‘e he Pangikē Pule΄ ‘oku ‘i ai ‘a e ngaahi pisinisi mo e kakai taautaha ‘i Tongatapu΄ ni pea pehē ki he ngaahi ‘otu motu΄, ‘oku nau fakahoko ‘a e fakafetongi pa’anga muli΄ ki he kakai ‘o e fonua´ ka ‘oku ‘ikai ke nau ma’u ha laiseni ngofua ke nau fakahoko ‘a e fakafetongi pa’anga muli.
Unauthorized Foreign Exchange Dealers
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The Reserve Bank is aware that there are few businesses and individuals throughout Tongatapu and the outer islands that are providing foreign exchange services to the public without a valid Foreign Exchange Dealer license. Please be advised that the Only Authorized Persons to provide foreign exchange services to the public have obtained a valid license by the Reserve Bank.
Also read in Tongan:
Fakafetongi Pa’anga Muli Ta’efakalao
Tonga: Staff Concluding Statement of the 2022 Article IV Mission
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Tonga’s economic activity is slowly normalizing following the Hunga Tonga Hunga Haʻapai (HTHH) volcanic eruption and the local outbreak of COVID-19 in early 2022. The authorities’ strong policy response, together with swift humanitarian assistance by the international community, helped keep the economy afloat and protect the vulnerable.
