Foreign Reserves increased by $26.8 million over June

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) increased by $26.8 million over the month of June 2018 to $468.7 million, equivalent to 8.1 months of imports. Over the past year, the official foreign reserves rose by $60.8 million.

OFFICIAL FOREIGN RESERVES

(millions of pa'anga)

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

 2017        
Feb 377.7 -3.1 49.2 6.9
Mar 366.0 -11.7 48.7 6.7
Apr 371.7 5.7 48.8 6.7
May 392.3 20.6 61.6 7.1
Jun 407.9 15.6 53.0 7.5
Jul 408.9 1.0 41.5 7.6
Aug 405.0 -3.9 38.7 7.5
Sep 403.0 -2.0 39.3 7.4
Oct 413.6 10.6 46.6 7.6
Nov 424.8 11.2 63.9 7.8
Dec 422.5 -2.3 43.7 7.7

2018        
Jan  424.1 1.6 43.3 7.6
Feb 448.0 23.9 70.3 8.1
Mar 447.7 -0.3 81.7 8.1
Apr 445.9 -1.8 74.2 7.9
May 441.9 -4.0 49.6 7.8
Jun 468.7 26.8 60.8 8.1

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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