Foreign Reserves Statistics for August 2021

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose significantly in August 2021 by $46.9 million to $751.7 million, equivalent to 13.1 months of imports. This resulted largely from an increase in capital inflow and remittances. Similary, foreign reserves increased substantially over the year by $195.6 million, underpinned by receipts of budget support, project funds, and remittances.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

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

2020        
February 479.8 -3.1 6.3 7.4
March 457.5 -22.3 -7.5 7.1
April 475.1 17.6 10.9 7.7
May 489.6 14.5 21.3 8.2
June 543.8 54.2 59.5 9.2
July 555.9 12.1 63.0 9.6
August 556.1 0.1 64.3 9.7
September 576.5 20.4 85.7 10.1
October 581.6 5.1 92.3 10.8
November 590.2 8.7 100.7 10.9
December 675.6 85.4 188.2 12.5

2021        
January 705.3 29.7 222.4 13.0
February 692.4 12.9 212.6 12.7
March 685.7 -6.7 228.2 12.2
April 679.7 -6.0 204.6 11.9
May 689.5 9.8 199.9 12.0
June 715.2 25.7 171.4 12.5
July 704.8 -10.5 148.8 12.3
August 751.7 46.9 195.6 13.1

Source: National Reserve Bank of Tonga

Official Foreign Reserves Collection

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