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.
Remittances Receipts for February 2023
- Details
- 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.
Vacancy Post: Investment Finance Consultant
- Details
- Category: Public Notice
- Created: 16 May 2023
There is one (1) fantastic opportunity for career advancement now available for the following position at the National Reserve Bank of Tonga:
INVESTMENT FINANCE CONSULTANT
Find out how to apply for the position and contact our HR department for further information if necessary.
Monthly Economic Update: April 2023
- Details
- Category: Economic Releases
- Created: 16 May 2023
Activities in the primary sector took an upturn in February 2023. The secondary sector continued to show positive signs with increase in credit to the industrial sector and infrastructure funded projects. Indicators in the tertiary sector however continued to trend downward over the month.
Foreign Reserves Statistics for March 2023
- Details
- Category: Financial Statistics
- Created: 21 April 2023
Tonga’s official foreign reserves held at the end of March 2023 was recorded at $883.7 million, equivalent to 13.0 months of imports, above the optimal level of 7.3 months. In year ended terms, foreign reserves increased by $22.3 million.
Headline Inflation continued to decline in February 2023
- Details
- Category: Press Release
- Created: 12 April 2023
The February Consumer Price Index reported inflation annual rate at 8.7%, a decline from 9.7% in the previous month, and lower than 9.1% in February 2022. Inflation has generally been easing from its peak of 14% in September 2022.
Also read in Tongan:
Holo e hikihiki e totongi koloa 'i Fepueli 2023
Issuance of the Revised Exchange Control Directive, Effective 1st June 2023
- Details
- Category: Press Release
- Created: 06 April 2023
The Reserve Bank Board approved in February 2023 the revision of the September 2018 Exchange Control Directive and Exchange Control Guideline, to ease overseas payments in accordance with the Foreign Exchange Control Act 2018. The revised Directive will come into force on the 1st June 2023.
Also read in Tongan:
Ngaahi Liliu ki he Tohi Tu’utu’uni Ngāue ki hono Pule’i ‘o e Fetongi Pa’anga Muli
Monetary Policy Statement for February 2023
- Details
- Category: Press Release
- Created: 01 March 2023
The National Reserve Bank Board of Directors approved to release its Monetary Policy Statement (MPS) for February 2023 which outlines the revised monetary policy stance following a review of Tonga’s economic performance and macroeconomic conditions.
Monthly Economic Review for November 2022
- Details
- Category: Economic Releases
- Created: 07 February 2023
The expected recovery for the Tongan economy in FY2022/23 is to continue even with the continuing impact of the invasion of Ukraine and global slow down. Imports are projected to strengthen in line with the economic recovery, while remittance receipts and inflows from donor funds return to pre-pandemic levels.
Tonga Appoints New Reserve Bank Governor
- Details
- Category: Press Releases
- Created: 24 December 2022
The Reserve Bank is pleased to announce the Government appointment of Tatafu Moeaki on 20 December 2022 as the new Reserve Bank Governor. The appointment is made in accordance with Section 11 of the National Reserve Bank Act following an open recruitment process and recommendations by the Hon. Tiofilusi Tiueti, Minister of Finance in consultation with the Board of the Reserve Bank.
AUSTRAC partners with Tonga’s Transaction Reporting Authority to fight money laundering and boost regional security
- Details
- Category: Press Releases
- Created: 22 December 2022
A fundamental objective of the Transaction Reporting Authority (TRA), Tonga’s financial intelligence unit (FIU) at the National Reserve Bank of Tonga (NRBT), is to develop and disseminate quality intelligence products to its domestic and international counterparts.
Directive Notice No. 3: Excluded Moneylenders
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- Category: Press Releases
- Created: 16 December 2022
The Reserve Bank is hereby issuing Directive No. 3 that supersedes Directive No. 2 issued on the 22nd November 2021 that the following entities are exempted from the Moneylenders Act:
Counterfeit Banknotes
- Details
- Category: Public Notice
- Created: 04 October 2022
The National Reserve Bank of Tonga urges members of the public to be extra cautious when receiving Tongan pa’anga in light of the recent discoveries of counterfeit banknotes in $20, $50 and $100 denomination. These counterfeit banknotes are usually of poor quality and can be spotted quite easily if people take the time for a quick examination.
Monetary Policy Decision - July 2022
- Details
- Category: Press Releases
- Created: 31 August 2022
The National Reserve Bank of Tonga’s Board of Directors, at its board meeting on the 24 August 2022, approved to retain its current accommodative monetary policy stance, while working in tandem with the Government to support economic recovery and macroeconomic stability.
Also read in Tongan:
Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga - Siulai 2022
Monetary Policy Decision - June 2022
- Details
- Category: Press Releases
- Created: 08 July 2022
The National Reserve Bank of Tonga’s Board of Directors, at its board meeting on the 30 June 2022, approved to maintain its current accommodative monetary policy stance while working in tandem with the Government to support economic recovery and macroeconomic stability.
Also read in Tongan:
Tu‘utu‘uni ki he Fokotu‘utu‘u Ngāue Fakapa‘anga - Sune 2022
