Official Foreign Reserves for March 2016

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) fell by $11.2 million over March 2016 to $317.3 million, equivalent to 9.0 months of imports. Official foreign reserves rose by $47.1 million over the past year.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

  Level Changes
Ration of official foreign reserves to imports (months)
  Month 12 Months

2014        
Oct 271.5 0.6 10.9 8.2
Nov 267.9 -3.6 2.5 8.0
Dec 293.6 25.7 21.8 8.7

 2015        
Jan 287.2 -6.4 10.5 8.5
Feb 281.3 -5.9 0.2 8.3
Mar 270.2 -11.1 -4.6 7.9
Apr 272.1 1.9 4.2 7.9
May 281.8 9.7 15.0 8.0
Jun 289.7 7.9 15.3 8.1
Jul 302.6 12.9 22.2 8.5
Aug 310.9 8.3 27.0 8.6
Sep 311.7 0.8 40.8 8.8
Oct 315.8 4.1 44.3 9.1
Nov 319.0 3.2 51.1 9.2
Dec 327.8 8.8 34.2 9.6

2016        
Jan 326.3 -1.5 39.1 9.5
Feb 328.5 2.2 47.2 9.3
Mar 317.3 -11.2 47.1 9.0

Source: National Reserve Bank of Tonga

For further details, please contact:

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

For media: Press Release in English.

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