Foreign Reserves Statistics for August 2020

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) marginally rose over the month of August 2020 to $556.1 million equivalent to 8.5 months of imports. Over the year, it rose by $64.3 million driven mostly by receipts of budget support, relief and project funds from development partners, in addition to remittances.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

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

2019        
Mar 465.0 -8.5 17.3 7.8
Apr 464.2 -0.8 18.3 7.5
May 468.3 4.1 26.4 7.5
Jun 484.3 16.0 15.6 7.9
Jul 492.9 8.6 16.4 8.0
Aug 491.8 -1.1 16.8 8.1
Sep 490.8 -1.0 38.6 8.0
Oct 489.3 -1.5 32.0 7.5
Nov 489.5 0.2 20.8 7.4
Dec 487.4 -2.1 8.9 7.4

2020        
Jan 482.9 -4.5 4.0 7.4
Feb 479.8 -3.1 6.3 7.4
Mar 457.5 -22.3 -7.5 7.1
Apr 475.1 17.6 10.9 7.2
May 489.6 14.5 21.3 7.4
Jun 543.8 54.2 59.5 8.2
Jul 555.9 12.1 63.0 8.5
Aug 556.1 0.1 64.3 8.5

Source: National Reserve Bank of Tonga

Official Foreign Reserves Collection

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