Foreign Reserves recorded a $1.8 million decline over April

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) declined by $1.8 million over the month of April 2018 to $445.9 million, equivalent to 7.9 months of imports. Over the past year, the official foreign reserves rose by $74.2 million.

OFFICIAL FOREIGN RESERVES

(millions of pa'anga)

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

2016        
Dec 378.8 17.9 51.0 7.1

 2017        
Jan 380.8 2.0 54.5 7.1
Feb 377.7 -3.1 49.2 6.9
Mar 366.0 -11.7 48.7 6.7
Apr 371.7 5.7 48.8 6.7
May 392.3 20.6 61.6 7.1
Jun 407.9 15.6 53.0 7.5
Jul 408.9 1.0 41.5 7.7
Aug 405.0 -3.9 38.7 7.5
Sep 403.0 -2.0 39.3 7.4
Oct 413.6 10.6 46.6 7.6
Nov 424.8 11.2 63.9 7.8
Dec 422.5 -2.3 43.7 7.7

2018        
Jan  424.1 1.6 43.3 7.7
Feb 448.0 23.9 70.3 8.2
Mar 447.7 -0.3 81.7 8.0
Apr 445.9 -1.8 74.2 7.9

Source: National Reserve Bank of Tonga
i - Method of calculation changed in February 2017 to include imports of both goods and services (previous method used imports of goods only).

Enquiries

National Reserve Bank of Tonga
Salote Road
NUKU'ALOFA

Telephone: (676) 24057
Fax: (676) 24201 

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Resources

Press Release in English
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