2020

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:

License Type A (Inward & Outward Remittances)

1. FEXCO Tonga Limited
2. Frank Money Transfer
3. KlickEx Trading Limited
4. Manatu ‘Ofa Money Transfer
5. Rowena Financial Services t/a IMEX Money Transfer
6. S.A.V Money Transfer
7. T&T Money Transfer Limited
8. ‘Ave Pa’anga Pau – Tonga Development Bank
9. Island Flexi Transfer

License Type B (Inward Remittances Only)

1. Digicel Tonga Limited t/a Digicel Mobile Money
2. Tonga Post Limited
3. Toumu’a Money Transfer Company Ltd

License Type C (Foreign Currency Conversion Only)

1. Jones Travel Limited

Foreign Exchange Dealer under Banking Licenses

1. MoneyGram Agent – Bank of the South Pacific
2. Friendly Island Bookshops – MoneyGram Sub Agent to BSP
3. LunaEva Malapo Branch – MoneyGram Sub Agent to BSP
4. LunaEva Nuku’alofa Branch – MoneyGram Sub Agent to BSP

The National Reserve Bank of Tonga also wishes to inform the general public that the following authorized foreign exchange dealer have ceased operation and is no longer authorized to conduct foreign exchange business:

1. Fietokoni Financial Services Limited

Members of the public are encouraged to report to the National Reserve Bank of Tonga any person or business that is advertising or providing foreign exchange services but are not an authorized person or authorized foreign exchange dealers. Any person dealing with the foreign exchange without a valid license commits an offence and is liable upon conviction to a fine not exceeding $10,000 or imprisonment for a term not exceeding three years or both.

Enquiries

Financial Institutions Department
National Reserve Bank of Tonga
Fasi mo e Afi
NUKU'ALOFA

Telephone: (676) 24057
Fax: (676) 24201
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Resources

Press Release in English  144 KB - Download a copy of the full press release.

Press Release in Tongan  145 KB - Download a copy of the full press release.

See more Press Releases in 2020.