The Role of the National Reserve Bank of Tonga
- Details
- Category: Press Releases
- Created: 31 May 2024
1. At the heart of Tonga’s financial health, the National Reserve Bank of Tonga (NRBT) does more than just act as the central bank. We play a crucial role in keeping our economy safe, and helping Tonga grow.
2. One of the primary functions of the NRBT is to regulate and supervise banks and to ensure that they promote and conduct sound and safe banking practices.
3. The NRBT is also responsible for the monetary policies to keep prices of goods and services stable and inflation low, managing of the foreign reserves and exchange rates, issuing of the Tongan Pa’anga currency, undertaking fiscal agent role for the Government, and combating money laundering.
4. We wish to assure the public that the NRBT remains committed to maintaining a strong and stable banking system in the country, stabilising the price of goods and services, managing our foreign reserves and exchange rates, for the benefit and safety of its customers and the Tongan economy.
