The National Reserve Bank of Tonga’s board of directors at its meeting on the 3rd October 2017 approved to maintain its current monetary policy measures. This is to encourage utilisation of the excess liquidity in the banking system, through further lending, particularly to the growth sectors, in order to support economic growth, and strengthen the monetary policy transmission mechanism.

At its meeting on the 17th January 2018, the National Reserve Bank of Tonga’s Board of Directors approved to release its Monetary Policy Statement (MPS) for August 2017. This Statement reviews Tonga’s economic growth and the Reserve Bank’s conduct of monetary policy in the six months to August 2017 and its outlook.

The National Reserve Bank of Tonga wishes to inform the general public that the Tonga Ma'ae Tonga Group Ltd has ceased operation and is no longer authorized to conduct foreign exchange business.

It has been brought to our attention that there are retail shops in Tongatapu including outer islands that continued to provide foreign exchange services to its customers, particularly foreign currency cash conversion without the required license. 

The National Reserve Bank of Tonga (NRBT) is hosting the 32nd Annual Meeting of the South Pacific Central Bank Governors from the 14th to 17th November 2017, at the Fa’onelua Convention Centre. This is the second time for the NRBT to host this annual meeting, and it will be chaired by the Governor, Mr Sione Ngongo Kioa.

The National Reserve Bank of Tonga Chairman of the Board of Directors, Mr. Steve Edwards and the Governor Sione Ngongo Kioa presented the annual dividend of the Bank for 2016/2017, a cheque of $1.997 million to the Minister for Finance and National Planning Hon. Dr. Pohiva Tu’i'onetoa on the 9th November 2017.

The National Reserve Bank of Tonga’s board of directors at its meeting on the 3rd October 2017 approved to maintain its current monetary policy measures. This is to encourage utilisation of the excess liquidity in the banking system, through further lending, particularly to the growth sectors, in order to support economic growth, and strengthen the monetary policy transmission mechanism.

The National Reserve Bank of Tonga’s board of directors at its meeting on the 3rd October 2017 approved to maintain its current monetary policy measures. This is to encourage utilisation of the excess liquidity in the banking system, through further lending in order to support economic growth, and strengthen the monetary policy transmission mechanism.

At its monthly meeting on 7th September 2017, the Reserve Bank of Tonga’s Board maintained its accommodative monetary policy measures; encouraging utilizing of the excess liquidity, increase lending to support economic growth and strengthen monetary policy transmission mechanism.

The National Reserve Bank of Tonga releases today a report on a Demand Side Survey (DSS) conducted last year in partnership with the Tonga Department of Statistics together with the assistance of the Pacific Financial Inclusion Programme (PFIP) and the Bankable Frontier Associates (BFA).