National Reserve Bank of Tonga

Foreign Reserves Statistics for September 2023

Details
Category: Financial Statistics
Last Updated: 20 November 2023

Tonga’s official foreign reserves increased over the month by $5.1 million to $891.2 million mainly attributed to Government receipts. Annually, official foreign reserves are higher by $14.2 million due to inflow of government receipts, remittances and income from the investments of our foreign reserves. The official foreign reserves is equivalent to over 11 months of imports, which is higher than the 7.5 months prescribed by the IMF.

OFFICIAL FOREIGN RESERVES *
(millions of pa'anga)

  Level Changes
 Ration of official foreign reserves to imports (months)
  Month 12 Months
2022        
February 867.3 11.1 174.9 14.4
March 861.4 -5.8 175.8 14.5
April 884.0 22.6 204.4 14.9
May 880.4 -3.6 190.9 14.7
June 871.2 -9.2 155.9 14.4
July 884.8 13.6 180.1 14.2
August 871.0 -13.8 119.3 13.8
September 895.3 24.2 138.2 13.7
October 877.0 -18.3 120.0 13.0
November 866.2 -10.8 82.3 12.6
December 868.9 2.7 51.4 12.3
2023        
January 911.1 42.2 55.0 12.8
February 911.2 0.1 43.9 12.6
March 883.7 -27.4 22.3 12.0
April 860.5 -23.2 -23.5 11.4
May 864.8 4.3 -15.6 11.5
June 921.4 56.6 50.2 12.0
July 945.2 23.7 60.3 12.3
August 920.0 -25.2 48.9 11.9
September 886.1 -33.8 -9.1 11.4
October 891.2 5.1 14.2 11.4
Source: National Reserve Bank of Tonga

Official Foreign Reserves Collection

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