Foreign Reserves recorded a $4 million decline over May
- Details
- Category: Press Release
- Created: 18 June 2018
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) declined by $4 million over the month of May 2018 to $441.9 million, equivalent to 7.8 months of imports. Over the past year, the official foreign reserves rose by $49.6 million.
OFFICIAL FOREIGN RESERVES
(millions of pa'anga)
| Level | Changes |
Ration of official foreign reserves to imports i (months) | ||
| Month | 12 Months | |||
| 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 | 7.6r |
| 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 | 7.6r |
| Feb | 448.0 | 23.9 | 70.3 | 8.1r |
| Mar | 447.7 | -0.3 | 81.7 | 8.1r |
| Apr | 445.9 | -1.8 | 74.2 | 7.9 |
| May | 441.9 | -4.0 | 49.6 | 7.8 |
| 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). | ||||
| i - Revisions was due to the receipt of updated Trade data from Statistics Department for the June 2017 quarter and the receipt of the import data from the Ministry of Revenue & Customs up to March 2018. | ||||
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Resources
Press Release in English 122 KB - Download a copy of the full press release. |
| See more Press Releases in 2018. |
