National Reserve Bank of Tonga

Foreign Reserves Statistics for June 2024

Details
Category: Financial Statistics
Last Updated: 22 July 2024

Tonga's official foreign reserves increased in June 2024 by $31.3 million, underpinned mainly by receipts of Government budget support and project funds from development partners. The level of foreign reserves was $924.3 million at the end of June 2024, sufficient to cover 11.9 months of imports, and remains above the IMF's recommended threshold of 7.5 months. In year-ended terms, the foreign reserves rose by $2.9 million.

OFFICIAL FOREIGN RESERVES *
(millions of pa'anga)

  Level Changes
 Ration of official foreign reserves to imports (months)
  Month 12 Months
2022        
October 877.0 -18.3 120.0 13.0
November 866.2 -10.8 82.3 12.6
December 868.9 2.7 51.4 12.3
2023        
January 911.1 42.2 55.0 12.8
February 911.2 0.1 43.9 12.6
March 883.7 -27.4 22.3 12.0
April 860.5 -23.2 -23.5 11.4
May 864.8 4.3 -15.6 11.5
June 921.4 56.6 50.2 11.9r
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 11.3r
October 891.2 5.1 14.2 11.4
November 892.0 0.8 25.8 11.4
December 901.7 9.7 32.8 11.6
2024        
January 894.7 -7.1 -16.4 11.5
February 891.4 -3.2 -19.7 11.4
March 868.7 -22.7 -15.0 11.1
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
r - Revisions to the months of imports were based on new trade data available from the Statistics Department for September 2023 quarter.
Source: National Reserve Bank of Tonga

Official Foreign Reserves Collection

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