Monetary Policy Decision - September 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 - August 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 - May 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 - July 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 - April 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.
Release of 2018 Series $50 Banknote
The Public is hereby notified that the National Reserve Bank of Tonga will release into circulation its 2018 series of $50 banknote bearing the signatures of the late Prime Minister 'Akilisi Pohiva, the former Minister of Finance, Pohiva Tu'i'onetoa and Governor of the Reserve Bank, Sione Ngongo Kioa.
Financial System Services Adjust to Comply with Government State of Emergency Rules relating to Covid-19
The Reserve Bank continues to work together with Government, the Association of Banks and non-bank financial institutions to enhance preparedness to minimize the financial risks from Covid-19. At its Board of Directors meeting on the 26 March 2020, the Reserve Bank agreed to provide financial assistance to Government in its effort to provide financial relief to the sectors affected by the Covid-19 outbreak.
Authorized Foreign Exchange Services
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.
‘E fakahoko ‘e he Pangikē Puleʹ ha tokoni fakapa’anga ki he Pule’angaʹ pea mo tokoni ki hono fakapapau’i ‘oku lahi fe’unga ‘a e ngaahi pa’anga ngāue ‘a e ngaahi kautaha fakapa’angaʹ
‘Oku hokohoko atu pē ‘a e tokoni ‘a e Pangikē Pule´ ki he Pule’anga´ mo e ngaahi kautaha fakapa’anga´ ke fakapapau’i ‘oku nau mateuteu ke nau malava ‘o matatali ha ngaahi uesia ‘e malava ke hoko mei he mafola ko ia ‘a e COVID-19. ‘I he fakataha ‘a e Poate ‘a e Kau Talēkita ‘a e Pangikē Pule´ ‘i he ‘aho 26 ‘o Ma’asi 2020, na’a nau tali ai ke fakahoko ha tokoni fakapa’anga ki he Pule’anga´ ke poupou ki he’enau ngāue ki hono tokoni’i fakapa’anga ‘a e ngaahi sekitoa ‘oku uesia mei he mafola ‘a e COVID-19.
Monetary Policy Decision - June 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 - March 2020
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 18th March 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 in order to support domestic economic activities and growth.
