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.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

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

 2015        
Aug 310.9 8.3 27.0 8.6
Sep 311.7 0.8 40.8 8.6
Oct 315.8 4.1 44.3 8.8
Nov 319.0 3.2 51.1 8.9
Dec 327.8 8.8 34.2 8.9

2016        
Jan 326.3 -1.5 39.1 8.8
Feb 328.5 2.2 47.2 8.6 1
Mar 317.3 -11.2 47.1 8.2
Apr 322.9 5.6 50.8 8.2
May 330.7 7.8 48.9 8.4
Jun 354.9 24.2 65.2 9.0
Jul 367.4 12.5 64.8 9.3
Aug 366.3 -1.1 55.4 9.2
Sep 363.7 -2.6 52.0 9.2
Oct 367.0 3.3 51.2 9.3
Nov 360.9 -6.1 41.9 9.1
Dec 378.8 17.9 51.0 9.8

2017        
Jan 380.8 2.0 54.5 9.8

Source: National Reserve Bank of Tonga 
1 - Months of Imports for February 2016 to date are estimates based on latest trade data issued by Tonga Department of Statistics for January 2016

For further details, please contact:

National Reserve Bank of Tonga 
Telephone: (676) 24057 | Fax: (676) 24201 
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

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