Foreign Reserves Statistics for October 2022

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) fell significantly over the month of October 2022 by $18.3 million to $877.0 million, equivalent to 13.9 months of imports. This stemmed mostly from higher transfers for import payments. In year ended terms, foreign reserves still increased markedly by $119.9 million attributed to higher receipts of budget support, official grants, capital inflows, and remittances.

OFFICIAL FOREIGN RESERVES *
(millions of pa'anga)

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

2021        
April 679.7 -6.0 204.6 11.7
May 689.5 9.8 199.9 11.6
June 715.2 25.7 171.4 11.8
July 704.8 -10.5 148.8 11.5
August 751.7 46.9 195.6 12.1
September 757.0 5.3 180.5 12.4
October 757.0 0.0 175.5 12.8
November 783.9 26.9 193.7 13.0
December 817.5 33.6 141.9 13.4

2022        
January 856.1 38.6 150.8 13.9
February 867.3 11.1 174.9 14.4
March 861.4 -5.8 175.8 14.5
April 884.0 22.6 204.4 15.0
May 880.4 -3.6 190.9 14.7
June 871.2 -9.2 155.9 14.4
July 884.8 13.6 180.1 14.3
August 871.0 -13.8 119.3 14.1
September 895.3 24.2 138.2 14.2r
October 877.0 -18.3 120.0 13.9

Due to rounding errors some data may not aggregate precisely.
Source: National Reserve Bank of Tonga
r - Revisions to the months of imports was due to new data available for September 2022.

Official Foreign Reserves Collection

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