This presentation is in accordance with Section 8(1) b of the National Reserve Bank of Tonga Amendment Act 2014 of which 70% of the Reserve Bank’s net profit will be transferred to the Government of Tonga. The financial results for 2016/2017 reflects the interest income from investing Tonga’s foreign reserves overseas and sale of numismatic currency.
The objectives of the Reserve Bank are to maintain internal and external monetary stability and promote a sound and efficient financial system. In order for the objectives to be met, the Bank promotes Tonga’s economic prosperity by the issuance of quality currency notes and coins, formulate and implement monetary policy, as well as hold and manage the external foreign reserves and exchange rate policy.
Other functions of the Bank include serving as the principal banker, fiscal agent and depository agent for the Government, providing banking and monetary advice to the Minister of Finance. The Reserve Bank determines and implements financial stability policy and is also the regulator and supervisor of licensed financial institutions including non-bank financial institutions. The Reserve Bank is the Transaction Reporting Authority (FIU) under the Money Laundering and Proceeds of Crimes Act and also administers the Foreign Exchange Control Act.
The Minister of Finance thanked the Board of Directors, the Governor and the staff of the National Reserve Bank of Tonga for this financial year 2016/17 achievement.
Foaki 'e he Pangike Pule 'a Tonga 'a e Pa'anga 'e 1.997 Miliona ki he Pule'anga
Na’e foaki ‘e he Sea mo e Poate ‘o e Pangikē Pule Fakafonua ‘a Tonga, Mr. Steve Edwards mo e Kōvana, Sione Ngongo Kioa ‘a e pa’anga ‘e T$1.997 miliona ki he Minisitā Pa’anga mo e Palani Fakafonua ‘a Tonga, Hon. Dr. Pōhiva Tu’i’onetoa ‘i he ‘aho 9 ‘o Nōvema 2017 ‘a ia ko e ‘inasi (dividend) ia ‘o e Pule’anga mei he tupu ‘a e Pangikē ki he ta’u 2016/2017.
Koe ola eni ‘o e ngaue ki he faka’osinga ‘o e ta’u fakapa’anga na’e ngata ‘i he ‘aho 30 Sune 2017 ‘o fakatatau ki he kupu 8(1)b ‘o e Lao (Fakatonutonu) ki he Pangikē Pule Fakafonua ‘o Tonga ‘o e 2014. Ko e lahi taha ‘o e tupu ‘o e ta’u ni, na’e ma’u mei hono ‘inivesi ‘a e pa’anga talifaki ‘o e fonua ‘oku tauhi ‘i tu’apule’anga.
Ko e ngaahi tefito’i fatongia ‘o e Pangikē Pule ko hono pukepuke ke ma’uma’uluta ‘a e tu’unga fakapa’anga fakalotofonua mo faka-tu’apule’anga pea mo hono langa hake ha sisitemi fakapa’anga ‘oku malu mo lelei. Ke fakahoko ‘a e ngaahi taumu’a ko eni, ‘oku poupou ‘a e Pangikē ki he langa ‘o e ‘ekonōmika ‘a Tonga ‘i hono tuku atu ‘o e pa’anga pepa mo e pa’anga maka, fokotu’utu’u mo fakahoko ‘a e ngaahi ngaue fakapa’anga, pea pehē ki hono tauhi mo pule’i ‘o e ngaahi pa’anga talifaki ‘i tu’apule’anga ‘a e Pule’anga mo e tu’unga ‘o e pa’anga Tonga (exchange rate). ‘Oku kau ki he fatongia ‘o e Pangikē ‘a e fakahoko ‘o e ngaue fakapangikē ‘i Tonga ni pe ha feitu’u kehe, fale’i ‘o e Minisitā ‘o e Potungāue Pa’anga ‘i he ngaahi me’a fakapangikē mo fakapa’anga.
‘Oku kau mo hono pule’i mo tokanga’i ‘o e ngaahi kautaha fakapa’anga ‘i he malumalu ‘o e Lao ki he ngaahi kautaha fakapa’anga ‘o kau ai ngaahi fakapa’anga ‘ikai ko e pangikee´. ‘Oku kau ‘I he fatongia ‘a e Pangikē Pule pea mo hono fakahoko ‘a e ngaue Ma’u Mafai Lipooti Pa’anga ‘o fakatatau ki he tu’utu’uni ‘a e Lao ki hono fe’ave’aki fakapulipuli ‘o e pa’anga kākā mo e ngaahi koloa ma’u mei he founga hala. ‘Oku toe fakamafai’i ‘e he Lao ‘a e Pangikē Pule ki hono pule’i ‘o e fakafetongi pa’anga.
Hili hono tali ‘e he ‘Eiki Ministā ‘a e ‘inasi ‘o e Pule’anga na’a ne fakahoko ai pe ha fakamālō ki he Sea pea mo e Kau Talēkita ‘o e Pangikē, pehē ki he Kōvana pea mo e kau ngāue ‘o e Pangikē Pule ‘i he ola lelei ‘o e ngaue ‘i he ta’u 2016/2017.
