Foreign Reserves Statistics for June 2021

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose over the month of June 2021 by $25.7 million to $715.2 million, equivalent to 12.5 months of imports. This monthly increase in foreign reserves was mostly attributed to receipts of budget support and project funds from development partners. Similarly, foreign reserves rose substantially over the year by $171.4 million supported by higher receipts of budget support, official grants, external debt, and remittances.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

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

2019        
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 7.7
May 489.6 14.5 21.3 8.2
Jun 543.8 54.2 59.5 9.2
Jul 555.9 12.1 63.0 9.6
Aug 556.1 0.1 64.3 9.7
Sep 576.5 20.4 85.7 10.1
Oct 581.6 5.1 92.3 10.8
Nov 590.2 8.7 100.7 10.9
Dec 675.6 85.4 188.2 12.5

2021        
Jan 705.3 29.7 222.4 13.0
Feb 692.4 12.9 212.6 12.7
Mar 685.7 -6.7 228.2 12.2
Apr 679.7 -6.0 204.6 11.9
May 689.5 9.8 199.9 12.0
June 715.2 25.7 171.4 12.5

Source: National Reserve Bank of Tonga
 

Official Foreign Reserves Collection

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