Official Foreign Reserves for August 2015

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose by $8.3 million over August 2015, to $310.9 million, equivalent to 8.6 months of imports. Official foreign reserves rose by $27.0 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        
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
August 310.9 8.3 27.0 8.6

Source: National Reserve Bank of Tonga
 r - Revisions based on latest trade data issued by Tonga Department of Statistics for June 2015 .

For further details, please contact:

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