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.
Monthly Economic Update: March 2025
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- Category: Economic Releases
- Created: 12 May 2025
Domestic economic growth forecasts for Tonga remain gloomy, underpinned by the slow recovery of the primary sector and lower-than-expected pickup in the performance of the industry and services sectors. Escalating trade tensions in developed economies disrupts global growth and inflation, while intensifying policy uncertainties. This is expected to have negative spillovers on Tonga’s domestic growth. Domestic policies that focuses on stimulating economic activities and production are imperative to ensure domestic economic stability.
Foreign Reserves Statistics for March 2025
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- Category: Financial Statistics
- Created: 29 April 2025
Tonga's official foreign reserves declined further in March 2025 by $22.8 million, reflecting net outflows for debt repayments, dividend payment and imports. The level of foreign reserves stood at $842.6 million at the end of March 2025, sufficient to cover 9.7 months of imports, and remained above the IMF's recommended threshold of 7.5 months. In year-ended terms, the foreign reserves declined also, by $26.1 million.
February 2025 Monetary Policy focuses on Strengthening Policy Transmission and Effectiveness
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- Category: Press Release
- Created: 06 March 2025
The National Reserve Bank of Tonga (NRBT) released its Monetary Policy Statement (MPS) for February 2025, following approval by the Board of Directors. The MPS states that since internal and external stability are expected to be maintained in the near-term, the NRBT will continue its accommodative monetary policy stance over the next six months to promote growth, while gradually strengthening its policy tools’ influence on monetary conditions, and tackle access to finance barriers.
Also read in Tongan: Fokotu’utu’u Fakapa’anga Mei Fepueli 2025, Fakamālohia ke a’usia ‘a e ngaahi taumu’a ngāue ‘a e Pangikē Pule
Default Judgement on TDB Damage Claim Against the National Reserve Bank of Tonga Set Aside by Lord Chief Justice Bishop
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- Category: Press Release
- Created: 29 January 2025
In a ruling on Monday, January 27, 2025, Lord Chief Justice Bishop issued a court order that set aside the Default Judgment that had granted TDB and 2 other plaintiffs Damage Claims of about $30 million against the National Reserve Bank of Tonga (NRBT) and Governor Moeaki, along with three journalists.
Also read in Tongan: Tu‘utu‘uni ‘a e ‘Eiki Fakaamaau Lahi Justice Bishop ke fakata‘e‘aonga‘i ‘a e tu‘utu‘uni ne tali ai e ‘eke ongoongo maumau ‘a e TDB ki he Pangikē Pule Fakafonua ‘o Tonga´
Tonga’s 2023 New Currency Series Winner Of HSP Asia 2024 Best New Banknote Series Award
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- Category: Press Releases
- Created: 10 December 2024
The National Reserve Bank of Tonga (NRBT) wins the High Security Printing (HSP) Asia 2024 “Best New Banknote Series” award with its New Currency Series launched by HRH Prince Ata on 4th December 2023 in Nuku’alofa. The prestigious Regional Banknote and ID Document of the Year Awards form part of the HSP Asia Conference which was held in Bangkok, Thailand on 2 - 4 December 2024.
Also read in Tongan: Ikuna 'e he Seti Pa'anga Pepa Fo'ou 2023 'o Tonga 'a e Pale HSP 'Esia 2024 Ki he Pa'anga Fo'ou Lelei Taha
Financial Sector Meeting on Monetary Policy and Interest Rates
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- Category: Press Releases
- Created: 20 September 2024
The National Reserve Bank of Tonga discussed with the financial sector its August 2024 monetary policy, interest rates and improving access to finance for underserved sectors. The event took place at Fa’onelua Convention Centre on 20th September 2024, gathering key stakeholders from the financial sector to discuss actionable strategies that can positively impact our nation’s economic landscape.
Twin Milestones for the National Reserve Bank of Tonga in 2024
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- Category: Press Releases
- Created: 13 September 2024
The National Reserve Bank of Tonga (NRBT) marks its 35th anniversary on Monday 16 September 2024 with an audited net profit of $35 million as its twin milestones. The $35.8 million profit in 2024 is 75 percent higher than last year’s 2023 record profit of $20 million.
Also read in Tongan: Makamaile Māhanga ‘a e Pangikē Pule Fakafonua ‘a Tonga ‘i he 2024
Reserve Bank’s August 2024 Monetary Policy Will Promote Greater Access to Finance
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- Category: Press Releases
- Created: 30 August 2024
The August 2024 MPS maintains the current monetary policy that keeps a watchful eye against inflation threats and supports economic recovery through maintaining the statutory required deposit at 15% and the zero-percent monetary policy rate while considering easing exchange control requirements and maintaining an exchange rate regime that supports greater macroeconomic stability.
Also read in Tongan: Tokanga ‘a e Pangikē Pule΄ ke faka’ai’ai hono ngaue’aki ‘a e ngāue fakapa‘anga ‘i he‘ene fokotu‘utu‘u ngaue fakapa‘anga ‘Aokosi 2024
Unauthorized Foreign Exchange Services
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- Category: Press Releases
- Created: 23 August 2024
The National Reserve Bank of Tonga wishes to inform the general public that the licenses to act as a foreign exchange dealer (License Type A) for Freedom Pacific Limited and Fiefia Finance Money Transfer Limited have been cancelled.
Also read in Tongan: Kaniseli é he Pangikē Pule Fakafonua á Tongá á e Laiseni á e Kautaha Fakafehū’aki Pa’anga Muli
Unclaimed Monies - as of June 2024
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- Created: 24 July 2024
Please be advised that account holders (owners) of listed unclaimed monies are required to make your claim to your respective banks within 3 months from the first date of this publication. In accordance with section 94 of the Banking Act 2020 states, that any remaining unclaimed funds and properties after three (3) months claim period have met its expiry date, shall be presumed to be abandoned funds or properties and any claim shall be addressed directly to the Minister of Finance and is subject to the approval of the Minister of Finance.
Kindly note that advertisement cost will be deducted accordingly. For further enquiries or clarification please contact Financial Institutions department on telephone 24-057 or email This email address is being protected from spambots. You need JavaScript enabled to view it.
The Role of the National Reserve Bank of Tonga
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- Category: Press Releases
- Created: 31 May 2024
At the heart of Tonga’s financial health, the National Reserve Bank of Tonga (NRBT) does more than just act as the central bank. We play a crucial role in keeping our economy safe, and helping Tonga grow.