Foreign Reserves Statistics for May 2020

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose over the month and year to May 2020 by $14.5 million and $21.3 million respectively to $489.6 million. This is equivalent to 7.0 months of imports. The rise in foreign reserves was mainly due to receipts of official funds as assistance for TC Harold and the COVID-19 preparations.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

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

 2019        
Jan 478.9 0.4 54.8 8.1
Feb 473.5 5.4 25.5 7.9
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 7.2
Feb 479.8 -3.1 6.3 7.1
Mar 457.5 -22.3 -7.5 6.8
Apr 475.1 17.6 10.9 6.9
May 489.6 14.5 21.3 7.0

Source: National Reserve Bank of Tonga

Official Foreign Reserves Collection

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