Foreign Reserves declined by $11.7 million over March
- Details
- Category: Press Releases
- Created: 21 April 2017
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.
OFFICIAL FOREIGN RESERVES
(millions of pa'anga)
| Level | Changes |
Ration of official foreign reserves to importsi (months) | ||
| Month | 12 Months | |||
| 2015 | ||||
| Oct | 315.8 | 4.1 | 44.3 | 7.1 |
| Nov | 319.0 | 3.2 | 51.1 | 7.1 |
| Dec | 327.8 | 8.8 | 34.2 | 7.1 |
| 2016 | ||||
| Jan | 326.3 | -1.5 | 39.1 | 7.1 |
| Feb | 328.5 | 2.2 | 47.2 | 7.1 |
| Mar | 317.3 | -11.2 | 47.1 | 6.7 |
| Apr | 322.9 | 5.6 | 50.8 | 6.7 |
| May | 330.7 | 7.8 | 48.9 | 6.8 |
| Jun | 354.9 | 24.2 | 65.2 | 7.2 |
| Jul | 367.4 | 12.5 | 64.8 | 7.4 |
| Aug | 366.3 | -1.1 | 55.4 | 7.3 |
| Sep | 363.7 | -2.6 | 52.0 | 7.1 |
| Oct | 367.0 | 3.3 | 51.2 | 7.2 |
| Nov | 360.9 | -6.1 | 41.9 | 7.0 |
| Dec | 378.8 | 17.9 | 51.0 | 7.2 |
| 2017 | ||||
| Jan | 380.8 | 2.0 | 54.5 | 7.2 |
| Feb | 377.7 | -3.1 | 49.2 | 7.1 |
| Mar | 366.0 | -11.7 | 48.7 | 6.8 |
| Source: National Reserve Bank of Tonga |
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| i - Method of calculation changed in February 2017 to include imports of both goods and services (previous method used imports of goods only). | ||||
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.
