Foreign Reserves Statistics for March 2021

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) declined at the end of March 2021 by $6.7 million to $685.7 million, equivalent to 11.7 month of imports. This stemmed from an increase in transfers for large import payments. However, foreign reserves rose substantially over the year by $228.2 million. This was mainly attributed to receipts of budget support, official grants and remittances.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

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

2019        
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 7.7
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 9.8
Nov 590.2 8.7 100.7 10.1
Dec 675.6 85.4 188.2 11.7

2021        
Jan 705.3 29.7 222.4 12.0
Feb 692.4 12.9 212.6 11.7
Mar 685.7 -6.7 228.2 11.7

Source: National Reserve Bank of Tonga

Official Foreign Reserves Collection

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