Monetary Policy Decision - August 2019
- Category: Press Release
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 15th August 2019, approved to maintain its current monetary policy measures outlined below. This is to encourage the utilization of the excess liquidity in the banking system, through further lending to support economic growth and strengthen the monetary policy transmission mechanism.
Reserve Bank revised its Bank Licence Application Forms
- Category: Press Release
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.
Unauthorized Foreign Exchange Services
- Category: Press Release
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.
Monetary Policy Decision - July 2019
- Category: Press Release
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 19th July 2019, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending in order to support economic growth and strengthen the monetary policy transmission mechanism.
Monetary Policy Decision - May 2019
- Category: Press Release
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 14th May 2019, approved to maintain its current monetary policy measures. This is to encourage utilisation of the excess liquidity in the banking system, through further lending in order to support economic growth and strengthen the monetary policy transmission mechanism.
APG Pre-Mutual Evaluation Workshop
- Category: Press Release
Tonga’s Serious Financial Crimes Working Group meets the APG Secretariat and Assessment Team this week for the APG Pre-Mutual Evaluation Workshop at the Reserve Bank. The workshop will focus on Tonga’s draft technical compliance, effectiveness response, risk and scoping issues and preparations for the on-site mutual evaluation of Tonga in October.
Monetary Policy Decision - April 2019
- Category: Press Release
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 30th April 2019, approved to maintain its current monetary policy measures. This is to encourage utilisation of the excess liquidity in the banking system, through further lending in order to support economic growth and strengthen the monetary policy transmission mechanism.
Reserve Bank celebrates its Pearl Jubilee
- Category: Press Release
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
- Category: Press Release
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.
Monetary Policy Decision - June 2019
- Category: Press Release
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 14th June 2019, approved to maintain its current monetary policy measures. This is to encourage utilisation of the excess liquidity in the banking system, through further lending in order to support economic growth and strengthen the monetary policy transmission mechanism.
Use of the name "Bank"
- Category: Press Release
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.
