Foreign Reserves recorded a $5.7 million rise over April

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose by $5.7 million over the month of April 2017 to $371.7 million, equivalent to 6.8 months of imports. Over the past year, the official foreign reserves rose by $48.8 million.

OFFICIAL FOREIGN RESERVES
(millions of pa'anga)

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

 2015        
Nov 319.0 3.2 51.1 7.1
Dec 327.8 8.8 34.2 7.1

2016        
Jan 326.3 -1.5 39.1 7.1
Feb 328.5 2.2 47.2 7.1
Mar 317.3 -11.2 47.1 6.7
Apr 322.9 5.6 50.8 6.7
May 330.7 7.8 48.9 6.8
Jun 354.9 24.2 65.2 7.2
Jul 367.4 12.5 64.8 7.4
Aug 366.3 -1.1 55.4 7.3
Sep 363.7 -2.6 52.0 7.1
Oct 367.0 3.3 51.2 7.2
Nov 360.9 -6.1 41.9 7.0
Dec 378.8 17.9 51.0 7.2

 2017        
Jan 380.8 2.0 54.5 7.2
Feb 377.7 -3.1 49.2 7.1
Mar 366.0 -11.7 48.7 6.7
Apr 371.7 5.7 48.8 6.8

Source: National Reserve Bank of Tonga
i - Method of calculation changed in February 2017 to include imports of both goods and services (previous method used imports of goods only).

For further details, please contact:

National Reserve Bank of Tonga 
Telephone: (676) 24057 | Fax: (676) 24201 
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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