www.reservebank.to | Official Website of Tonga's central bank
The National Reserve Bank of Tonga (Reserve Bank) was established on 1 July 1989 as the central bank of Tonga.
The principal objectives of the Reserve Bank shall be to maintain internal and external monetary stability, promote financial stability and promote a sound and efficient financial system. The Reserve Bank shall conduct its activities in a manner that supports macroeconomic stability and economic growth.
NRBT Launches the 2023 New Polymer and Paper Banknote Series
- Details
- Category: Press Release
- Created: 01 December 2023
The National Reserve Bank of Tonga (NRBT) will launch Tonga’s latest series of banknotes on Monday 4th December 2023 to commemorate the birthday of the Kingdom’s moderniser King Tupou I. His Royal Highness Prince Ata will be the Guest of Honour for the occassion at 11:00am on Monday at the Fa’onelua Convention Centre in Nuku’alofa. The new currency series was developed under the authority of the Privy Council in partnership with De La Rue, an international renowned banknote manufacturer.
Foreign Reserves Statistics for September 2023
- Details
- Category: Financial Statistics
- Created: 20 November 2023
Tonga’s official foreign reserves increased over the month by $5.1 million to $891.2 million mainly attributed to Government receipts. The official foreign reserves is equivalent to over 11 months of imports, which is higher than the 7.5 months prescribed by the IMF.
Trading in Investment Banking Without a Licence
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- Category: Public Notice
- Created: 17 November 2023
The National Reserve Bank of Tonga (NRBT) has officially identified and taken action against the entity operating under the name "Famili Tonga USA Trading" for engaging without a licence in investment activities confirmed as a banking business. This entity has been found to operate without a requisite banking license, a contravention of section 7 of the Banking Act 2020.
Also read in Tongan:
Fefakatau’aki ‘i he Fakatupupa’anga Fakapangikē te’eki ke laiseni
TENDER: NRBT Building Property Management Services with Design and Estimation
- Details
- Category: Public Notice
- Created: 14 November 2023
The National Reserve Bank of Tonga is seeking a qualified and experienced engineering and architecture firm with project experience to provide comprehensive building property management services, including design and estimation, for the NRBT Building and designated properties. The objective is to support NRBT management to ensure efficient management and maintenance of its property while optimizing its functionality, and value.
National Reserve Bank of Tonga List of Licensed Moneylenders
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- Category: Public Notice
- Created: 23 October 2023
The public is advised that businesses and individuals offering money lending services must have a valid license issued by the Reserve Bank under the Moneylenders Act 2018. Authorized lenders are required to display their license at their main location, so customers can easily verify their legitimacy. Stay informed and make wise financial decisions!
Also read in Tongan:
Lisi ‘o e Ngaahi Kautaha Nō atu ‘o e Pa’anga ‘oku laiseni ‘I he Pangikē Pule Fakafonua ‘o Tonga
Monthly Economic Update: September 2023
- Details
- Category: Economic Releases
- Created: 20 October 2023
The primary sector show mixed outcomes over the month. Total agricultural exports fell over the month by 141.5 tonnes (-23.3%), attributed primarily to lower export volumes. Credit to the industrial sector showed active performances in July 2023. Lending to the construction sector rose in July 2023 by 1.0% ($0.2 million), along with a 6.6% ($0.01 million) increase in credit to the mining & quarrying sector.
Reserve Bank clarifies banking business
- Details
- Category: Press Release
- Created: 17 October 2023
The Reserve Bank confirms that business such as investment activities, whereby funds are received from the public to be used for investments or loans at the risk of the person doing such business, is considered banking business. These activities are permitted to be conducted in Tonga only by those who have a banking licence granted by the Reserve Bank under section 7 of the Banking Act 2020.
Also read in Tongan:
Fakama’ala’ala ‘e he Pangikē Pule ki he ngaahi ngāue fakapangikē
Reserve Bank of Tonga Serving the Kingdom
- Details
- Category: Press Release
- Created: 15 September 2023
The National Reserve Bank of Tonga today made a significant contribution to His Majesty’s Government in presenting a cheque for $14.2 million to the Acting Prime Minister Honorable Samiu Vaipulu and Minister for Finance, Honorable Tiofilusi Tiueti.
Also read in Tongan:
Tokoni ‘a e Pangikē Pule Ki he Fonua
National Reserve Bank of Tonga Cancels a Foreign Exchange Dealer License
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- Category: Press Release
- Created: 13 September 2023
The National Reserve Bank of Tonga wishes to inform the general public that the license granted under the name “T&T Money Transfer Limited” to act as a foreign exchange dealer (License Type A) has been canceled and is no longer authorized to conduct foreign exchange business.
Also read in Tongan:
Kaniseli é he Pangikē Pule Fakafonu á Tongá á e Laiseni á e Kautaha Fakafehū’aki Pa’anga Muli
Lower Inflation Remains Priority for the Reserve Bank August 2023 MPS
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- Category: Press Release
- Created: 11 September 2023
The Board of Directors of the Reserve Bank of Tonga (NRBT) has decided to focus on two main goals in its August 2023 Monetary Policy Statement (MPS): first, to keep inflation below the 5% reference rate, including through seeking Government’s assistance in controlling domestic and wage inflation; and second, to provide targeted support towards economic recovery of vulnerable sectors to address supply shortages and promote business investments.
Also read in Tongan:
Fakamatala Fokotu‘utu‘u Ngāue Fakapa‘anga: ‘Aokosi 2023
Tonga: Staff Concluding Statement of the 2023 Article IV Mission
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- Category: Press Release
- Created: 09 August 2023
The IMF mission team would like to thank the Ministry of Finance, the National Reserve Bank of Tonga, other ministries and government agencies, and private sector interlocutors for their warm hospitality and constructive discussions.
Appointment of Reserve Bank Deputy Governors
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- Category: Press Release
- Created: 24 July 2023
The National Reserve Bank of Tonga is pleased to announce that the Board of Directors on 21 July 2023, approved the appointment of Ms. Úngatea Latu as the Deputy Governor Policy and Mr. Lata Tangimana as the Deputy Governor Operation for a five-year term.
Reserve Bank Monetary Policies: Stay Relevant to Promote the Kingdom’s Economic Recovery
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- Category: Press Release
- Created: 22 June 2023
Following the 2022 COVID-19 pandemic, HTHH volcano eruption and tsunami ashfall damages, the monetary and financial policies of the National Reserve Bank of Tonga are critical to stay relevant to be supportive of the Kingdom’s economic recovery contributing to macro stability in 2023, resilience to shocks in the short to medium term.
Also read in Tongan:
Ngaahi Fokotu‘utu‘u Ngāue Fakapa‘anga ‘a e Pangikē Pule′: Fakahoko ngāue fakatatau ki he ta‘au ‘o taimi ke tokoni‘i ‘a e fakaakeake faka‘ekonōmika ‘e fonua
Remittances Receipts for February 2023
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- Category: Economic Releases
- Created: 19 May 2023
February 2023’s remittance receipts continued to decline by $0.1 million (0.4%) to $37.5 million. Funds received from private transfer and compensation of employees drove the overall monthly decline with declines of $0.7 million (2.1%) and $0.2 million (6.9%) respectively.
