Foreign Reserves rose by $23.9 million over February
- Details
- Category: Press Release
- Created: 12 March 2018
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose by $23.9 million over the month of February 2018 to $448.0 million, equivalent to 8.1 months of imports. The rise was mainly attributed to receipts of $22.6 million, for the Tropical Cyclone Gita Relief fund. Over the past year, the official foreign reserves rose by $70.3 million.
OFFICIAL FOREIGN RESERVES
(millions of pa'anga)
| Level | Changes |
Ration of official foreign reserves to imports i (months) | ||
| Month | 12 Months | |||
| 2016 | ||||
| Oct | 367.0 | 3.3 | 51.2 | 7.0 |
| Nov | 360.9 | -6.1 | 41.9 | 6.7 |
| Dec | 378.8 | 17.9 | 51.0 | 7.1 |
| 2017 | ||||
| Jan | 380.8 | 2.0 | 54.5 | 7.1r |
| Feb | 377.7 | -3.1 | 49.2 | 6.9r |
| Mar | 366.0 | -11.7 | 48.7 | 6.7r |
| Apr | 371.7 | 5.7 | 48.8 | 6.7r |
| May | 392.3 | 20.6 | 61.6 | 7.1r |
| Jun | 407.9 | 15.6 | 53.0 | 7.5r |
| Jul | 408.9 | 1.0 | 41.5 | 7.7r |
| Aug | 405.0 | -3.9 | 38.7 | 7.5r |
| Sep | 403.0 | -2.0 | 39.3 | 7.4r |
| Oct | 413.6 | 10.6 | 46.6 | 7.6r |
| Nov | 424.8 | 11.2 | 63.9 | 7.8r |
| Dec | 422.5 | -2.3 | 43.7 | 7.7r |
| 2018 | ||||
| Jan | 424.1 | 1.6 | 43.3 | 7.7r |
| Feb | 448.0 | 23.9 | 70.3 | 8.1 |
| 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). | ||||
| r - Revisions was due to the receipt of updated Trade data from Statistics Department for the December 2016 quarter and the receipt of the import data from the Ministry of Revenue & Customs up to December 2017. | ||||
Enquiries
National Reserve Bank of Tonga
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NUKU'ALOFA
Telephone: (676) 24057
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Resources
Press Release in English 37 KB - Download a copy of the full press release. |
| See more Press Releases in 2018. |
