Foreign Reserves Statistics for October 2020

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose during October 2020 by $5.1 million to $581.6 million, equivalent to 9.7 months of imports. However, foreign reserves rose significantly in the year to October 2020 by $92.3 million, underpinned by receipts of budget support and official grants in addition to remittance receipts.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

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

2019        
May 468.3 4.1 26.4 7.5
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 7.2
May 489.6 14.5 21.3 7.4
Jun 543.8 54.2 59.5 8.2
Jul 555.9 12.1 63.0 8.5
Aug 556.1 0.1 64.3 8.5
Sep 576.5 20.4 85.7 8.8
Oct 581.6 5.1 92.3 9.7

Source: National Reserve Bank of Tonga

Official Foreign Reserves Collection

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