National Reserve Bank of Tonga

Foreign Reserves Statistics for November 2024

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Category: Financial Statistics
Last Updated: 31 December 2024

Tonga's official foreign reserves declined in November 2024 by $6.1 million due mainly to import payments and offshore investment. The level of foreign reserves was $892.2 million at the end of November 2024, sufficient to cover 10.3 months of imports, and well above the IMF's recommended threshold of 7.5 months. In year-ended terms, the foreign reserves increased by $0.1 million.

OFFICIAL FOREIGN RESERVES *
(millions of pa'anga)

  Level Changes
 Ration of official foreign reserves to imports (months)
  Month 12 Months
2023        
March 883.7 -27.4 22.3 11.4
April 860.5 -23.2 -23.5 11.1
May 864.8 4.3 -15.6 11.1
June 921.4 56.6 50.2 11.9
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 11.3
October 891.2 5.1 14.2 11.4
November 892.0 0.8 25.8 11.5
December 901.7 9.7 32.8 11.7
2024        
January 894.7 -7.1 -16.4 11.6
February 891.4 -3.2 -19.7 11.5
March 868.7 -22.7 -15.0 11.4
April 904.8 36.1 44.3 11.6
May 893.0 -11.8 28.3 11.5
June 924.3 31.3 2.9 11.9
July 909.1 -15.3 -36.1 11.5
August 905.5 -3.5 -14.4 10.4
September 887.4 -18.1 1.3 10.2
October 898.2 10.8 7.0 10.3
November 892.2 -6.1 0.1 10.3
Source: National Reserve Bank of Tonga

Official Foreign Reserves Collection

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