Monetary Policy Decision - December 2021
- Details
- Created: 14 December 2021
The National Reserve Bank of Tonga’s Board of Directors, at its board meeting on the 30th of November 2021, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system for further lending to growth sectors and supporting the economic recovery from the impacts of COVID-19.
Also read in Tongan:
Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga - Tisema 2021
Directive Notice No. 2 of 2021 - Excluded Moneylenders
- Details
- Created: 22 November 2021
The Reserve Bank is hereby issuing Directive No. 2 that supersedes Directive No. 1 issued on the 27th November 2020 that the following entities are exempted from the Moneylenders Act.
Unclaimed Monies - June 2021
- Details
- Created: 05 August 2021
Please be advised that account holders (owners) of listed unclaimed monies are required to make your claim to your respective banks within 3 months from the first date of this publication. In accordance with section 94 of the Banking Act 2020 states, that any remaining unclaimed funds and properties after three (3) months claim period have met its expiry date, shall be presumed to be abandoned funds or properties and any claim shall be addressed directly to the Minister of Finance and is subject to the approval of the Minister of Finance.
Monetary Policy Decision - November 2021
- Details
- Created: 19 November 2021
The National Reserve Bank of Tonga's Board of Directors, at its board meeting on the 11th of November 2021, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system by further lending to growth sectors and supporting the economy from the impacts of COVID-19.
Also read in Tongan:
Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga - Novema 2021
Ngaahi Pa'anga 'Oku Te'eki Ke 'Eke'i
- Details
- Created: 05 August 2021
Fakatokanga'i ange ko kimoutolu 'oku lisi atu homou hingoa 'i he ngaahi pa'anga 'oku te'eki ai ke 'eke'i, ke fakahu atu leva ho'o 'eke ki hoó Kautaha Paánga Fakapangike óku ha atu, 'i loto 'i he mahina 'e tolu (3) mei he 'uluaki 'aho 'o e fanogonongo ni. Fakatatau ki he Lao ki he Ngaue Fakapangike 2020 vahe 94, "ko e pa'anga 'ikai 'eke'i 'i he hili mei heni ha mahina 'e tolu (3) pea kuo laka hake he taú é 5 'ene í he Pangike Pule Fakafonua ó Tonga, 'e lau ia koe pa'anga mo e ngaahi koloa li'aki pea kuo pau ke fakatu'asila fakahangatonu ha 'eke 'o e ngaahi pa'anga pe koloa kuo li'aki ki he Minista Pa'anga pea fakatatau pe ki he'ene fakangofua.
Reserve Bank warns public on the “Tonga Financial Services Authority” website
- Details
- Created: 14 October 2021
It has come to the notice of the National Reserve Bank of Tonga (NRBT) that a fake website in the name of “Tonga Financial Services Authority” (TFSA) has been created with the URL https://tfsa.to/ by some unknown person(s). The NRBT warns members of the public to exercise caution while accessing or when providing any information on this fake website, or other websites that may appear similar to the website of the NRBT.
Authorized Moneylenders in Tonga
- Details
- Created: 30 July 2021
As required by section 3(1) of the Moneylenders Act 2018, the authority to conduct moneylending 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 moneylending business under the Moneylenders Act 2018 as of 29th July 2021.
Monetary Policy Decision - September 2021
- Details
- Created: 05 October 2021
The National Reserve Bank of Tonga’s Board of Directors, at its board meeting on the 29th of September 2021, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system by further lending to growth sectors and supporting the economy from the impacts of COVID-19.
Also read in Tongan: Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga
Statement by Sione Ngongo Kioa, Governor: Monetary Policy Decision - June 2021
- Details
- Created: 15 June 2021
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 10th of June 2021, 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.
Also read in Tongan: Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga
Statement by Sione Ngongo Kioa, Governor: Monetary Policy Decision - July 2021
- Details
- Created: 10 August 2021
According to the Governor of the Reserve Bank, Sione Ngongo Kioa, the domestic economic activities showed some improvements in May 2021. The primary sector reported higher exports of agricultural products, particularly cassava and taro. Meanwhile, the secondary industry varied with lower lending to the manufacturing and utilities sectors, while lending to the construction sector rose.
Also read in Tongan: Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga
General Public Awareness on Legal Tender, External Reserves, and Investment on Bitcoin
- Details
- Created: 15 June 2021
It has come to the attention of The National Reserve Bank of Tonga that there are social media posts and mainstream media articles relating to Bitcoin potentially becoming a legal tender in the Kingdom of Tonga and/or alluded to the utilisation of the country’s foreign exchange reserves to buy/invest in cryptocurrency/crypto-assets such as Bitcoin.
2021