At its monthly meeting on 31st July 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 Reserve Bank has amended its Exchange Control requirements as reflected in the revised Exchange Control Policy Guidelines which the Reserve Bank’s Board of Directors at its meeting on 31st July 2017 has approved to be effective immediately.

At its meeting on the 31st July 2017, the National Reserve Bank of Tonga’s board of directors approved to release its Monetary Policy Statement (MPS) for February 2017. This Statement reviews Tonga’s economic growth and the Reserve Bank’s conduct of monetary policy in the six months to February 2017 and its outlook.

At its monthly meeting on 7th June 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.

At its monthly meeting on 27th April 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.

An International Monetary Fund (IMF) team led by Ms. Elena Loukoianova visited Nuku’alofa from March 22–28, to assess economic developments and discuss government policies. The team met with National Reserve Bank of Tonga (NRBT) Governor Dr. Sione Ngongo Kioa and Minister for Finance and National Planning Honorable Tevita Lavemaau, as well as development partners and private sector representatives.

At its monthly meeting on 29th March 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.

It has been brought to our attention that there are retail shops in Tonga that provide foreign exchange services to its customers, particularly foreign currency cash conversion without the required license. We are urging the public to please report to the Reserve Bank.

The National Reserve Bank of Tonga’s Board, at its monthly meeting on 3rd March 2017, maintained the current monetary policy measures to encourage the utilisation of the excess liquidity in the banking system, increase lending in order to support economic growth, and strengthen the monetary policy transmission mechanism:

The Reserve Bank has eased its Exchange Control requirements as reflected in the revised Exchange Control Policy Guidelines which the Reserve Bank’s Board of Directors at its meeting on 2nd February 2017 has approved to be effective immediately.