Foreign Reserves fell by $2.0 million over September

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) fell by $2.0 million over the month of September 2017 to $403.0 million, equivalent to 7.2 months of imports. Over the past year, the official foreign reserves rose by $39.3 million.

OFFICIAL FOREIGN RESERVES

(millions of pa'anga)

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

2016        
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
May 392.3 20.6 61.6 7.2
Jun 407.9 15.6 53.0 7.4
Jul 408.9 1.0 41.5 7.4
Aug 405.0 -3.9 38.7 7.3
Sep 403.0 -2.0 39.3 7.2

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).

Enquiries

National Reserve Bank of Tonga
Salote Road
NUKU'ALOFA

Telephone: (676) 24057
Fax: (676) 24201 

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Resources

Press Release in English
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