The public is advised that businesses and individuals offering money lending services must have a valid license issued by the Reserve Bank under the Moneylenders Act 2018. Authorized lenders are required to display their license at their main location, so customers can easily verify their legitimacy. Stay informed and make wise financial decisions!

The Reserve Bank confirms that business such as investment activities, whereby funds are received from the public to be used for investments or loans at the risk of the person doing such business, is considered banking business. 

The National Reserve Bank of Tonga today made a significant contribution to His Majesty’s Government in presenting a cheque for $14.2 million to the Acting Prime Minister Honorable Samiu Vaipulu and Minister for Finance, Honorable Tiofilusi Tiueti.

The National Reserve Bank of Tonga wishes to inform the general public that the license granted under the name “T&T Money Transfer Limited” to act as a foreign exchange dealer (License Type A) has been canceled and is no longer authorized to conduct foreign exchange business.

The Board of Directors of the Reserve Bank of Tonga (NRBT) has decided to focus on two main goals in its August 2023 Monetary Policy Statement (MPS).

The IMF mission team would like to thank the Ministry of Finance, the National Reserve Bank of Tonga, other ministries and government agencies, and private sector interlocutors for their warm hospitality and constructive discussions.

The National Reserve Bank of Tonga is pleased to announce that the Board of Directors on 21 July 2023, approved the appointment of Ms. Úngatea Latu as the Deputy Governor Policy and Mr. Lata Tangimana as the Deputy Governor Operation for a five-year term.

Following the 2022 COVID-19 pandemic, HTHH volcano eruption and tsunami ashfall damages, the monetary and financial policies of the National Reserve Bank of Tonga are critical to stay relevant to be supportive of the Kingdom’s economic recovery contributing to macro stability in 2023, resilience to shocks in the short to medium term.

The February Consumer Price Index reported inflation annual rate at 8.7%, a decline from 9.7% in the previous month, and lower than 9.1% in February 2022.

The Reserve Bank Board approved in February 2023 the revision of the September 2018 Exchange Control Directive and Exchange Control Guideline, to ease overseas payments in accordance with the Foreign Exchange Control Act 2018.