Official Foreign Reserves for July 2015

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose by $12.9 million over July 2015, to $302.6 million, equivalent to 8.6 months of imports. Official foreign reserves rose by $22.2 million over the past year.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

  Level Changes
Ration of official foreign reserves to imports (months)
  Month 12 Months

2014        
Feb 281.1 4.4 23.1 9.5
Mar 274.8 -6.3 30.0 9.1
Apr 267.9 -6.9 9.5 8.9
May 266.8 -1.1 7.6 8.9
Jun 274.4 7.6 11.1 9.1
Jul 280.4 6.0 27.7 9.1
Aug 283.9 3.5 27.7 9.1
Sep 270.9 -13.0 16.7 8.4
Oct 271.5 0.6 10.9 8.2
Nov 267.9 -3.6 2.5 8.0
Dec 293.6 25.7 21.8 8.7

 2015        
Jan 287.2 -6.4 10.5 8.5
Feb 281.3 -5.9 0.2 8.3
Mar 270.2 -11.1 -4.6 7.9
Apr 272.1 1.9 4.2 7.9 r
May 281.8 9.7 15.0 8.0
Jun 289.7 7.9 15.3 8.2
Jul 302.6 12.9 22.2 8.6

Source: National Reserve Bank of Tonga
 r - Revisions based on latest trade data issued by Tonga Department of Statistics to April and May 2015 .

For further details, please contact:

National Reserve Bank of Tonga
Telephone: (676) 24057 | Fax: (676) 24201
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