Foreign Reserves Statistics for November 2020

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose over the month of November 2020 by $8.7 million to $590.2 million and equivalent to 9.9 months of imports. This increase was attributed to receipt of budget support and project grants from development partners, in addition to remittances. Similarly, the foreign reserves increased significantly in the year by $100.7 million. This resulted from higher receipts of budget support, official grants, and remittances.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

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

2019        
Jun 484.3 16.0 15.6 7.9
Jul 492.9 8.6 16.4 8.0
Aug 491.8 -1.1 16.8 8.1
Sep 490.8 -1.0 38.6 8.0
Oct 489.3 -1.5 32.0 7.5
Nov 489.5 0.2 20.8 7.4
Dec 487.4 -2.1 8.9 7.4

2020        
Jan 482.9 -4.5 4.0 7.4
Feb 479.8 -3.1 6.3 7.4
Mar 457.5 -22.3 -7.5 7.1
Apr 475.1 17.6 10.9 7.7r
May 489.6 14.5 21.3 8.2r
Jun 543.8 54.2 59.5 9.2r
Jul 555.9 12.1 63.0 9.5r
Aug 556.1 0.1 64.3 9.6r
Sep 576.5 20.4 85.7 10.0r
Oct 581.6 5.1 92.3 9.7
Nov 590.2 8.7 100.7 9.9

Source: National Reserve Bank of Tonga

Official Foreign Reserves Collection

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