Foreign Reserves Statistics for April 2022

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) increased considerably in April 2022 by $22.6 million to $884.0 million, equivalent to 12.7 months of imports. This was mainly due to receipts of relief funds from Government’s development partners to support the country’s recovery from the Hunga Tonga - Hunga Ha’apai volcanic eruption and tsunami, in addition to remittance receipts. In year ended terms, foreign reserves rose substantially by $204.4 million underpinned by 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

2020        
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 13.6
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 11.7
August 751.7 46.9 195.6 12.4
September 757.0 5.3 180.5 12.4
October 757.0 0.0 175.5 12.1
November 783.9 26.9 193.7 12.4
December 817.5 33.6 141.9 12.7

2022        
January 856.1 38.6 150.8 13.2
February 867.3 11.1 174.9 13.4
March 861.4 -5.8 175.8 13.2
April 884.0 22.6 204.4 12.7

Source: National Reserve Bank of Tonga

Official Foreign Reserves Collection

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