July recorded a $12.5 million rise in Foreign Reserves

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose by $12.5 million over July 2016 to $367.4 million, equivalent to 10.4 months of imports. Official foreign reserves rose by $64.8 million over the past year.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

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

 2015        
Feb 281.3 -5.9 0.2 8.3
Mar 270.2 -11.1 -4.6 7.9
Apr 272.1 1.9 4.2 7.9
May 281.8 9.7 15.0 8.0
Jun 289.7 7.9 15.3 8.1
Jul 302.6 12.9 22.2 8.5
Aug 310.9 8.3 27.0 8.6
Sep 311.7 0.8 40.8 8.8
Oct 315.8 4.1 44.3 9.1
Nov 319.0 3.2 51.1 9.2
Dec 327.8 8.8 34.2 9.6

2016        
Jan 326.3 -1.5 39.1 9.5
Feb 328.5 2.2 47.2 9.3
Mar 317.3 -11.2 47.1 9.0
Apr 322.9 5.6 50.8 9.0
May 330.7 7.8 48.9 9.3
Jun 354.9 24.2 65.2 10.1
July 367.4 12.5 64.8 10.4

Source: National Reserve Bank of Tonga 

For further details, please contact:

National Reserve Bank of Tonga 
Telephone: (676) 24057 | Fax: (676) 24201 
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For media: Press Release in English.

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