Foreign Reserves Statistics for February 2025

Tonga's official foreign reserves decreased again in February 2025 by $12.6 million, attributed mainly to offshore investments and higher import payments. The level of foreign reserves stood at $865.4 million at the end of February 2025, sufficient to cover 9.9 months of imports, and remained above the IMF's recommended threshold of 7.5 months. In year-ended terms, the foreign reserves declined also, by $26.0 million.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

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

2023        
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
December 889.1 -3.1 -12.7 10.2

2025        
January 878.0 -11.1 -16.7 10.1
February 865.4 -12.6 -26.0 9.9

Note: * May not aggregate precisely due to rounding
Source: National Reserve Bank of Tonga

Official Foreign Reserves Collection

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