Foreign Reserves Statistics for July 2021

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) declined over the month of July 2021 by $10.5 million to $704.8 million, equivalent to 12.3 months of imports. The monthly movement in foreign reserves was attributed to large payments for import of oil and other goods & services. However, foreign reserves still increased substantially over the year by $148.8 million underpinned by receipts of budget support, project funds, and remittances.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

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

 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 7.7
May 489.6 14.5 21.3 8.2
Jun 543.8 54.2 59.5 9.2
Jul 555.9 12.1 63.0 9.6
Aug 556.1 0.1 64.3 9.7
Sep 576.5 20.4 85.7 10.1
Oct 581.6 5.1 92.3 10.8
Nov 590.2 8.7 100.7 10.9
Dec 675.6 85.4 188.2 12.5

2021        
Jan 705.3 29.7 222.4 13.0
Feb 692.4 12.9 212.6 12.7
Mar 685.7 -6.7 228.2 12.2
Apr 679.7 -6.0 204.6 11.9
May 689.5 9.8 199.9 12.0
June 715.2 25.7 171.4 12.5
July 704.8 -10.5 148.8 12.3

Source: National Reserve Bank of Tonga
 

Official Foreign Reserves Collection

You are here: Home FINANCIAL SYSTEM Financial Markets Foreign Reserves Statistics