Foreign Reserves Statistics for August 2022

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) declined over the month of August 2022 by $13.8 million to $871.0 million, equivalent to 12.4 months of imports. This was attributed to higher outflows for large import payments during the month. In year ended terms, foreign reserves still increased significantly by $119.3 million attributed to higher receipts of budget support, official grants, capital inflows, and remittances.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

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

2021        
February 692.4 12.9 212.6 13.3
March 685.7 -6.7 228.2 12.5
April 679.7 -6.0 204.6 11.7
May 689.5 9.8 199.9 11.6
June 715.2 25.7 171.4 11.8
July 704.8 -10.5 148.8 11.5
August 751.7 46.9 195.6 12.1
September 757.0 5.3 180.5 12.4
October 757.0 0.0 175.5 12.8r
November 783.9 26.9 193.7 13.0r
December 817.5 33.6 141.9 13.4r

2022        
January 856.1 38.6 150.8 14.0r
February 867.3 11.1 174.9 14.2r
March 861.4 -5.8 175.8 13.9r
April 884.0 22.6 204.4 13.2r
May 880.4 -3.6 190.9 12.9r
June 871.2 -9.2 155.9 12.6r
July 884.8 13.6 180.1 12.6r
August 871.0 -13.8 119.3 12.4

Source: National Reserve Bank of Tonga
r - Revisions to the months of imports was due to new data available from the Statistics Department for September 2021 quarter,

Official Foreign Reserves Collection

You are here: Home FINANCIAL SYSTEM Financial Markets Foreign Reserves Statistics