| AVERAGE DAILY EXCHANGE RATES |
||
|
0.4161USD/TOP |
19 January 2026 0.6270AUD/TOP |
0.7217NZD/TOP |
| INFLATION |
|
|
October 2025 4.0%Headline |
3.9% Domestic 4.1% Imported |
Ngaahi ongoongo
Latest News
Request for Proposal - Provision of Professional Consultancy Services
The Kingdom of Tonga faces significant vulnerability to extreme climatic events (cyclones, earthquakes, tsunamis), which disproportionately impacts low-income populations and outer island communities due to their limited access to financial services for mitigation and recovery.
Monthly Economic Update: December 2025
The financial system remains sound from high liquidity, adequate capital buffers, and sustained profitability. However, the elevated level of NPLs highlights the need for prudent lending practices and enhanced oversight.
Monthly Economic Update: November 2025
The financial system remains sound, underpinned by high liquidity, adequate capital provisions, and profitability. Nonetheless, the high NPL ratio reasserts need for prudent lending management and stronger oversight, both on-site and off-site.
Press Release: Cryptocurrency Investment Scam
The National Reserve Bank of Tonga (NRBT) has been alerted of an investment scheme circulated primarily on Facebook.
Public Notice: 2025 National Reserve Bank of Tonga Office Holiday Closure
Our office will be closed for Christmas from close of business on Wednesday, 24 December 2025, and re-open on Monday, 29 December 2026 and closes for New Year’s holidays from close of business
Tonga: Technical Assistance Report-Modernizing the Monetary Policy Framework and Operations of the NRBT; June 2025
The IMF conducted a Technical Assistance mission to assist the National Reserve Bank of Tonga (NRBT) in modernizing its monetary policy framework.
Public Notice: Be Careful of Imposter Scams
The National Reserve Bank of Tonga (NRBT) reminds everyone to stay alert for financial scams. These scams try to trick people into giving money or personal information.
Court of Appeal Dismisses Anti-Corruption Commissioner Case Against National Reserve Bank, Governor, Chairman and the Board of Directors
The Court of Appeal allowed the appeal by the NRBT, declaring the proceedings as brought by the ACC (Anti-Corruption Commissioner) as “doomed to fail” and that “the claim should not have been brought”.
Monthly Economic Update: October 2025
The NRBT is progressing with its efforts in strengthening its policy tools to enhance the effectiveness of its monetary policy decisions in the domestic financial market and the economy, while being resilient to risks in the financial system.
Public Notice: Counterfeit Banknotes in Circulation
The National Reserve Bank of Tonga (NRBT) hereby alerts the public and businesses, of the increasing circulation of counterfeit banknotes in Tonga. These counterfeits include the following
Reserve Bank of New Zealand hosts 40th Meeting of South Pacific Governors
A press release from the Reserve Bank of New Zealand, hosts of the 40th Meeting of South Pacific Governors held in Auckland, 22-24 October 2025.
Monthly Economic Update: September 2025
Given the state of the economy and the outlook, the NRBT maintains its neutral stance as stated in its August 2025 Monetary Statement, to ensure the resilience of the financial system in the face of elevated risks.
Monthly Economic Update: August 2025
Given the state of the economy and the outlook, the NRBT in its August 2025 Monetary Policy Statement has shifted from its accommodative to a neutral policy stance in response to persistently high core inflation at over 9 percent.
Court Ruling: Supreme Court Dismisses Claims for Judicial Review and Defamation
The Supreme Court in its ruling on Friday 3rd October 2025 dismissed the claim for judicial review filed in May 2024 by former TDB CEO Mrs EmelineTuita and former Chairman Mr Penisimani Vea against the NRBT imposition of supervisory directives.
2025 National Reserve Bank of Tonga AGM Highlights
The Prime Minister and Minister for Finance Hon. ‘Aisake Valu Eke was hosted by Lord Sevele and the Reserve Bank Board of Directors at the 2025 Annual General Meeting held at the Bank this afternoon.
Regulatory Sandbox Framework
Monetary Policy Statement
Our review of economic developments and the conduct of monetary policy in the period since the previous statement.
Access to Finance
| WEIGHTED INTEREST RATE |
|
| October 2025 |
|
7.5%Weighted Lending Rate |
1.5%Weighted Deposit Rate |
| OVERSEAS EXCHANGE TRANSACTIONS |
| October 2025 |
$42.3M (S)Overall Balance • (S) Surplus |
| GDP | |
| 2015/16 | 6.60% |
| 2016/17 | 3.20% |
| 2017/18 | 0.53% |
| 2018/19 | -0.29% |
| 2019/20 | 1.81% |
| 2020/21 | -0.93% |
| 2021/22 | -2.13% |
| 2022/23 | 2.79% |
| 2023/24 | 1.72% |
| 2024/25 | 2.65% (f) |
| 2025/26 | 2.45% (f) |
The National Reserve Bank of Tonga (Reserve Bank) was established on 1 July 1989 as the central bank of Tonga.