Press Release

Foreign Reserves rose by $15.6 million over June

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose by $15.6 million over the month of June 2017 to $407.9 million, equivalent to 7.4 months of imports. Over the past year, the official foreign reserves rose by $53.0 million.

Foreign Reserves rose by $20.6 million over May

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose by $20.6 million over the month of May 2017 to $392.3 million, equivalent to 7.1 months of imports. Over the past year, the official foreign reserves rose by $61.6 million.

Monetary Policy Decision

At its monthly meeting on 7th June 2017, the National Reserve Bank of Tonga’s Board approved to maintain the current accommodative monetary policy stance; encouraging utilizing of the excess liquidity to increase lending to support economic growth ...

Tu’utu’uni ki he Fokotu’utu’u Ngāue Fakapa’anga

Na'e tali 'e he fakataha 'a e Poate 'a e kau Talēkita ‘a e Pangikē Pule Fakafonua ‘o Tonga´ ke kei hokohoko atu ai pē ‘a e ngaahi tu’utu’uni fakangāue lolotonga´, 'o fakataumu'a ke faka'ai'ai mo pātoloaki ‘a e ngaahi ngāue faka’ekonōmika ‘a e fonua´.

Foreign Reserves recorded a $5.7 million rise over April

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose by $5.7 million over the month of April 2017 to $371.7 million, equivalent to 6.8 months of imports. Over the past year, the official foreign reserves rose by $48.8 million.

Monetary Policy Decision

At its monthly meeting on 27th April 2017, the Reserve Bank of Tonga’s Board maintained its accommodative monetary policy measures; encouraging utilizing of the excess liquidity, increase lending to support economic growth and strengthen monetary policy transmission mechanism.

Tu’utu’uni ki he Fokotu’utu’u Ngāue Fakapa’anga

Na'e tali 'e he fakataha 'a e Poate 'a e kau Talēkita ‘a e Pangikē Pule Fakafonua ‘o Tonga´ 'i he 'aho 27 'o 'Epeleli 2017, ke kei hokohoko atu ai pē ‘a e ngaahi tu’utu’uni fakangāue lolotonga´, 'o fakataumu'a ke faka'ai'ai mo pātoloaki ‘a e ngaahi ngāue faka’ekonōmika ‘a e fonua´.

Foreign Reserves declined by $11.7 million over March

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) declined by $11.7 million over the month of March 2017 to $366.0 million, equivalent to 6.8 months of imports. Over the past year, the official foreign reserves rose by $48.7 million.

Foreign Reserves declined by $3.1 million over February

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) declined by $3.1 million over the month of February 2017 to $377.7 million, equivalent to 7.1 months of imports. Over the past year, the official foreign reserves rose by $49.2 million.

IMF Staff Concludes Visit to Tonga

An International Monetary Fund (IMF) team led by Ms. Elena Loukoianova visited Nuku’alofa from March 22–28, to assess economic developments and discuss government policies.

Tu’utu’uni ki he Fokotu’utu’u Ngāue Fakapa’anga

At its monthly meeting on 29th March 2017, the Reserve Bank of Tonga’s Board maintained its accommodative monetary policy measures; encouraging utilizing of the excess liquidity, increase lending to support economic growth and strengthen monetary policy transmission mechanism.

Foreign Reserves rose by $2.0 million over January

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose by $2.0 million over the month of January 2017 to $380.8 million, equivalent to 9.8 months of imports. Over the past year, the official foreign reserves rose by $54.5 million.

Monetary Policy Decision

At its monthly meeting on 29th March 2017, the Reserve Bank of Tonga’s Board maintained its accommodative monetary policy measures; encouraging utilizing of the excess liquidity, increase lending to support economic growth and strengthen monetary policy transmission mechanism.

Reserve Bank Eases Exchange Control Requirements

The Reserve Bank has eased its Exchange Control requirements as reflected in the revised Exchange Control Policy Guidelines which the Reserve Bank’s Board of Directors at its meeting on 2nd February 2017 has approved to be effective immediately.

Unauthorized Foreign Exchange Services

It has been brought to our attention that there are retail shops in Tonga that provide foreign exchange services to its customers, particularly foreign currency cash conversion without the required license. We are urging the public to please report to the Reserve Bank.

Monetary Policy Decision

The Governor, Mr. Sione Ngongo Kioa, announced that in light of the strong economic fundamentals and the positive outlook, the Reserve Bank Board approved changes to three of its policy measures to reflect the current economic fundamentals ...

Fakafetongi Pa’anga Muli Ta’efakalao

‘Oku fakatokanga atu heni ki he kakai ‘o e fonua΄, ko e hia ‘a hono fakahoko ‘o e fakafetongi pa’anga muli ka ‘oku te’eki ai ma’u ha laiseni, pea ke ta’ofi leva ‘a e ngaue ta’efakalao ni ‘i he vave taha΄ pea fakahū mai ha’o tohi kole ki he Pangike Pule ke ma’u atu ha’o laiseni.

Foreign Reserves rose by $17.9 million in December

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose by $17.9 million over the month of December 2016 to $378.8 million, equivalent to 9.8 months of imports. Official foreign reserves rose by $51 million over the past year.

Monetary Policy Decision

The Governor of the Reserve Bank, Sione Ngongo Kioa, announced that the Board noted that the overall domestic economic activities, which were generally favourable, continued to support the Reserve Bank’s expectation of stronger growth for 2016/17. ...

20 and 50 pa'anga Counterfeit Notes Received

The National Reserve Bank of Tonga has received five $50 pa'anga and two $20 pa'anga notes of the new design currency (King Tupou VI series) confirmed to be counterfeit notes.  The Reserve Bank is concerned that there could be more of such $50 and $20 counterfeit notes in circulation.

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