Reserve Bank revised its Bank Licence Application Forms
- Details
- Category: Press Release
- Created: 08 August 2019
The National Reserve Bank (Reserve Bank) would like to inform the general public that the Reserve Bank Board of Directors approved the revised Bank Licence Application Forms (Forms 1 - 4) to be effective on the 1st August, 2019, mainly to enhance the information required for the reviewing process of bank license applications.
Reserve Bank celebrates its Pearl Jubilee
- Details
- Category: Press Release
- Created: 23 July 2019
Established on 1st July 1989, the National Reserve Bank of Tonga celebrated its 30th Anniversary on Friday 12th July 2019 at the Reserve Bank's Conference Centre, with a Thanksgiving Service. Lord Ma'afu and other distinguished guests including former employees, members from the public and private sectors joined the celebration. Read below for more information.
World Venture
- Details
- Category: Press Release
- Created: 16 April 2019
It has come to the attention of The National Reserve Bank of Tonga (Reserve Bank) that the public has engaged in investing with “WorldVenture.” WorldVenture is a Multi-Level Marketing Company and is currently being promoted as a travel or tourism business, with its head office based in the United States.
Unauthorized Foreign Exchange Services
- Details
- Category: Press Release
- Created: 14 June 2019
The Reserve Bank wishes to advise the public that it is aware that certain retail shops throughout Tongatapu and the outer islands are providing foreign exchange services without a valid license more specifically cash conversion of foreign currency.
Use of the name "Bank"
- Details
- Category: Press Release
- Created: 03 April 2019
The National Reserve Bank (Reserve Bank) would like to remind the general public that only licensed banks shall use “bank” as part of its name and any representations made by an entity that can appear to be advertising itself as a bank without a valid banking license is prohibited under the Financial Institutions Act.
2019