National Reserve Bank of Tonga

Reserve Bank's Annual Awards Night 2019

The Reserve Bank celebrated its Annual Awards Night on Thursday 12th December 2019 at its Conference Centre. The Awards Night is to highlight and recognise the achievements of the staff over the year against its Corporate Plan targets. The highlighted awards were given to the Best Performing Staff of the year, staff who made the Best Progress and the Security of the Year.

Alliance for Financial Inclusion (AFI) Pacific Island Regional Initiative (PIRI) Regulatory Sandbox Roadshow

The National Reserve Bank of Tonga (NRBT) in collaboration with the Alliance for Financial Inclusion (AFI), and the Pacific Islands Regional Initiatives (PIRI) is conducting a 2 days roadshow on Regulatory Sandbox commencing from 26th – 27th November 2019.

South Pacific Central Bank Governors' Meeting

The Reserve Bank of Australia hosted Governors from South Pacific Central Banks on 19-20 November in Sydney for the 34th South Pacific Central Bank Governors’ Meeting.

Press Release a courtesy of the Reserve Bank of Australia.

Monetary Policy Decision - November 2019

The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 11th November 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 - October 2019

The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 28th October 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.

Reserve Bank paid $4.2 million to Government

The National Reserve Bank of Tonga Board of Directors and the Governor Sione Ngongo Kioa presented the annual dividend of the Bank for 2018/2019, a cheque of $4.2 million to the Minister for Finance, Honourable Tevita Lavemaau, on the 30th October 2019.

Monetary Policy Decision - September 2019

The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 23rd September 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 Statement for February 2019

The National Reserve Bank of Tonga’s Board of Directors approved to release its Monetary Policy Statement (MPS) for February 2019. This Statement reviews Tonga’s economic growth and the Reserve Bank’s conduct of monetary policy in the six months to February 2019 and its outlook.

Reserve Bank hosts the AFSPC Meeting

The National Reserve Bank of Tonga (NRBT) and the Pacific Financial Technical Assistance Centre (PFTAC) are hosting the AFSPC 17th Annual Meeting and workshop from 2nd - 6th September 2019 at the National Reserve Bank of Tonga Level 4 - Conference Centre.

Monetary Policy Decision - August 2019

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

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

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.

Unauthorized Foreign Exchange Services

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.

World Venture

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.

Use of the name "Bank"

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.