National Reserve Bank of Tonga

Foreign Reserves Statistics for June 2022

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Category: Financial Statistics
Last Updated: 28 July 2022

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) fell in June 2022 by $9.2 million to $871.2 million, equivalent to 12.1 months of imports. This was attributed to an increase in transfers for large import payments over the month. In year ended terms, foreign reserves increased significantly by $155.9 million underpinned by 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
2020        
December 675.6 85.4 188.2 12.5
2021        
January 705.3 29.7 222.4 13.6
February 692.4 12.9 212.6 13.3
March 685.7 -6.7 228.2 12.5
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 11.7
August 751.7 46.9 195.6 12.4
September 757.0 5.3 180.5 12.4
October 757.0 0.0 175.5 12.1
November 783.9 26.9 193.7 12.4
December 817.5 33.6 141.9 12.7
2022        
January 856.1 38.6 150.8 13.2
February 867.3 11.1 174.9 13.4
March 861.4 -5.8 175.8 13.2
April 884.0 22.6 204.4 12.6
May 880.4 -3.6 190.9 12.2r
Jun 871.2 -9.2 155.9 12.1
Source: National Reserve Bank of Tonga
r - Revisions to the months of imports was due to new data available for May 2022.

Official Foreign Reserves Collection

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