General Public Awareness on Pyramid Schemes
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- Created: 12 November 2020
It has come to the attention of The National Reserve Bank of Tonga (Reserve Bank) that the public is engaged in investing with schemes that could fall under the definition of a pyramid scheme. The Reserve Bank warns the general public against participating in any pyramid scheme. If you wish to still participate in such a scheme, it will be at your own risk.
Fakatokanga ki he Kakai ‘o e Fonuá ‘o fekau’aki moe Ngaahi Palani Pilamita
- Details
- Created: 12 November 2020
Kuo fakaa’u mai ki he Pangikē Pule Fakafonua ‘a Tongá ha ngaahi fakamatala ‘o fekau’aki pea mo e ‘alu ke tokolahi ange ‘a e kakai ‘o e fonuá ‘oku fakahū ke ma’u ha tupu ‘a ‘enau pa’angá ‘i ha ngaahi kautaha pe kulupu ‘oku hā mai ‘oku ne ma’u ‘a e natula mo e ‘uhinga ‘o ha ngaahi palani pilamita.
Monetary Policy Decision - July 2020
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- Created: 12 August 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 5th of August 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors and to support the economy from the impacts of COVID-19.
Monetary Policy Decision - November 2020
- Details
- Created: 11 November 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 6th of November 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors and to support the economy from the impacts of COVID-19.
Authorized Foreign Exchange Services
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- Created: 02 July 2020
As required by section 4(1) of the Foreign Exchange Control Act 2018, the authority to conduct foreign exchange business in Tonga is restricted only to Authorized Persons licensed by the National Reserve Bank of Tonga. Members of the public are hereby advised that the following entities are Authorized Persons licensed to deal in foreign exchange under the Foreign Exchange Control Act 2018.
Legislation for Supervision and Regulation of Moneylenders in Tonga
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- Created: 06 November 2020
All moneylenders or persons conducting a moneylending business are required to be licensed by the Reserve Bank under the Moneylender Act 2018. All persons conducting moneylending business or wish to conduct a moneylending business are kindly requested to contact the National Reserve Bank of Tonga as soon as possible.
Monetary Policy Decision - June 2020
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- Created: 01 July 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 26th June 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors and to support the economy from the impacts of COVID-19.
Monetary Policy Decision - September 2020
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- Created: 06 October 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 30th of September 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors and to support the economy from the impacts of COVID-19.
Monetary Policy Decision - May 2020
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- Created: 03 June 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 29th May 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors and to support the economy from the impacts of COVID-19.
Monetary Policy Decision - August 2020
- Details
- Created: 03 September 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 31st of August 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors and to support the economy from the impacts of COVID-19.
Monetary Policy Decision - April 2020
- Details
- Created: 05 May 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 1st May 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors and to support the economy from the impacts of COVID-19.
2020