Press Releases & Economic Releases for 2016

Find here all the archived press releases and the economic dataflashes released in 2016. For the previous years, click on the respective year to your left.


Media & Press Release

December  
21 December 2016 Press Release No.3/2016-2017 20 and 50 pa'anga Counterfeit Notes
14 December 2016 Official foreign reserves rose by $41.9 million over the past year

November  
15 November 2016 Reserve Bank recorded a $3.3 million rise in Foreign Reserves
11 November 2016 Reserve Bank hosts a Micro, Small and Medium Enterprises Workshop

October  
17 October 2016 Foreign Reserves recorded a $2.6m fall in September

September  
16 September 2016 Reserve Bank won the Maya Declaration Award
15 September 2016 Foreign Reserves recorded a $1.1m fall in August
6 September 2016 NRBT to attend the 2016 Alliance for Financial Inclusion (AFI) Global Policy Forum

August  
19 August 2016 July recorded a $12.5 million rise in Foreign Reserves

July  
28 July 2016 Sound Banking System despite the revocation of PICB licence
12 July 2016 June recorded a $24.4 million rise in Foreign Reserves

June  
21 June 2016 Economic Updates to the Members of Parliament
16 June 2016 Foreign Reserves rose by $7.8 million over May
11 June 2016 Reserve Bank Announces Changes to Exchange Control Policy Guidelines
10 June 2016 Reserve Bank imposes Minimum Loan to Deposit Ratio to encourage the utilization of the excess liquidity in the Banking System

May  
31 May 2016 Monetary Policy Statement for February 2016
23 May 2016 Reminder on the Requirements for the Removal of Cash and Cash entering Tonga
11 May 2016 Foreign Reserves rose by $5.6 million over April

April  
12 April 2016 Official Foreign Reserves for March 2016
6 April 2016 National Reserve Bank Data Collection on all Non-Bank Financial Institutions 
Tānaki Fakamatala ‘a e Pangikē Pule Fakafonua ‘o Tongaˊ fekau’aki mo e Ngaahi Kautaha Fakapa’aanga ‘oku ‘ikai ko ha Pangikē.

March  
24 March 2016 Official Foreign Reserves for February 2016
22 March 2016 Awareness on ATM Skimming 
Fakatokanga 'o e ngaue'aki ta'efakalo 'o e ngaahi kaati fakapangike
11 March 2016 IMF Staff Completes 2016 Article IV Mission to Tonga

February  
29 February 2016 IMF Staff to commence Annual Article IV Mission 2016 to the Kingdom of Tonga
24 February 2016
Counterfeit Banknote received 
Ko e ma'u 'o ha pa'anga loi

January  
19 January 2016 Official Foreign Reserves for December 2015

Economic Releases

November  
24 November 2016 Highest monthly record of remittance receipts so far throughout 2016
Remittances
15 November 2016 New duties driving higher annual inflation rate
Inflation Rate
15 November 2016 Monthly Economic Review for September
11 November 2016 Yam exports driving monthly decline
Agricultural Exports Volume
11 November 2016 High number of cargo ships contributed to rise in registrations
Container Registrations

October  
31 October 2016 Festivities ends causing decline in registrations
Container Registrations
31 October 2016 Vehicle registrations slowed over the month
Vehicle Registrations
31 October 2016 A steady growth in vehicle registrations for July
Vehicle Registrations
31 October 2016 Tuna drove a significant rise in export volume
Marine Exports Volume
31 October 2016 First monthly decline in loans in 18 months
Banking Sectors Development
31 October 2016 Strong growth is expected to 2016/17 financial year
International Arrivals & Departures
31 October 2016 Higher exports at beginning of financial year
Agricultural Exports Volume
21 October 2016
Monthly Economic Review for August

September  
1 September 2016 New excise tax driving inflation
Marine Exports Volume
1 September 2016
Headline inflation driven by domestic price of kava
Inflation Rate

August  
25 August 2016 Monthly Economic Review for June
22 August 2016 Registrations hiked due to festivities during the month
Container Registrations
10 August 2016 Overall Surplus maintained despite rising import payments
Overseas Exchange Transactions
5 August 2016
Rising tuna exports continue
Marine Exports Volume

July  
28 July 2016 Returning seasonal workers support rising vehicle registrations
Vehicle Registrations
28 July 2016 No cruise ships in May results in lower arrivals & departures
International Arrivals & Departures
28 July 2016 May, the month for family and high remittance receipts
Remittances
28 July 2016 Tuna exports driving monthly increase
Marine Exports Volume
25 July 2016 Credit growth accelerated more than projected
Banking Sector Developments
25 July 2016 Registrations continued to rise supported by events during the month
Container Registrations
25 July 2016 Lower exports of late yams drives overall decline in export volume
Agricultural Exports Volume
25 July 2016 Annual headline deflation continues driven by lower imported food prices
Inflation Rate
22 July 2016 Monthly Economic Review for May
15 July 2016 Funds received for household construction contribute to the rise in remittances
Remittances
13 July 2016 Cruise ship boosted both the passenger arrivals & departures
International Arrivals & Departures
11 July 2016 Weather conditions impacted the marine exports
Marine Exports Volume
11 July 2016 Broad money growing faster than expected
Banking Sector Developments

June  
30 June 2016 Exports doubled due to late yam harvesting season
Agricultural Exports Volume
30 June 2016 Registrations dropped following strong month
Container Registrations
30 June 2016 Annual headline inflation slipped back to deflation
Inflation Rate
30 June 2016 Inflows of official transfers benefits overall surplus
Overseas Exchange Transactions
29 June 2016 Registrations continued to rise
Vehicle Registrations
21 June 2016 Monthly Economic Review for April 2016
7 June 2016 Higher interbank transfer and import bill drive the overall deficit
Overseas Exchange Transactions
3 June 2016 Business activities drove increase in lending
Banking Sector Developments
3 June 2016 Growing housing loans drove the increase in total lending
Banking Sector Developments
3 June 2016 Growth driven by heavy vehicles
Vehicle Registrations
3 June 2016 Brown coconut and breadfruit continue to drive rise in exports
Agriculture Export Volumes
3 June 2016 Arrivals & departures fell after a strong month
International Arrivals & Departures
3 June 2016 Cyclone delayed shipping, driving the sharp rise in registrations
Container Registrations
2 June 2016 Remittance benefits from the weaker Tongan Pa’anga
Remittances
May  
24 May 2016 Monthly Economic Review for March 2016
17 May 2016 Higher financial receipts brings back surplus
Overseas Exchange Transactions
10 May 2016 Lower transfer receipts marks end of holiday season
Overseas Exchange Transactions

April  
27 April 2016 Monthly Economic Review for February 2016
26 April 2016 Positive growth for banks’ credit and deposits continues
Banking Sector Developments
22 April 2016 Holiday festivities attracts higher inflows for Tonga
Overseas Exchange Transactions
8 April 2016 Activities in the banking sector remain strong
Banking Sector Developments
7 April 2016 Lower imported food prices drive annual deflation
Inflation Rate

March  
30 March 2016 Monthly Economic Review for January 2016

February  
26 February 2016 Annual festivities driven increase in air arrivals
International Arrivals & Departures
25 February 2016 Squash season ends causing decline in exports
Agriculture Export Volumes
25 February 2016 Monthly Economic Review for December 2015
17 February 2016 New record high for container registrations
Container Registrations
1 February 2016 Remittances decline as Private Transfers fall
Remittances
1 February 2016 Headline deflation continues at End of Year
Inflation Rate

January  
29 January 2016 Housing loans increased to its highest level since 2009
Banking Sector Developments
29 January 2016 Pickup of other financial investments improved surplus
Overseas Exchange Transactions
27 January 2016 Escalating Import payments further lowers surplus
Overseas Exchange Transactions
22 January 2016 Global prices continue to drive headline deflation
Inflation Rate
21 January 2016 Monthly Economic Review for November 2015
15 January 2016 Highest credit growth since 2008
Banking Sector Developments
4 January 2016 Registrations continue to rise
Vehicle Registrations

Publications

June  
1 June 2016 Asia: Sailing in Turbulent Times | by Elena Loukoianova
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