The National Reserve Bank Board of Directors approved to release its Monetary Policy Statement (MPS) for February 2023 which outlines the revised monetary policy stance following a review of Tonga’s economic performance and macroeconomic conditions.

The Reserve Bank is pleased to announce the Government appointment of Tatafu Moeaki on 20 December 2022 as the new Reserve Bank Governor.

A fundamental objective of the Transaction Reporting Authority (TRA), Tonga’s financial intelligence unit (FIU) at the National Reserve Bank of Tonga (NRBT), is to develop and disseminate quality intelligence products to its domestic and international counterparts.

The Reserve Bank is hereby issuing Directive No. 3 that supersedes Directive No. 2 issued on the 22nd November 2021 that the following entities are exempted from the Moneylenders Act:

The National Reserve Bank of Tonga urges members of the public to be extra cautious when receiving Tongan pa’anga in light of the recent discoveries of counterfeit banknotes in $20, $50 and $100 denomination. 

The National Reserve Bank of Tonga’s Board of Directors, at its board meeting on the 24 August 2022, approved to retain its current accommodative monetary policy stance, while working in tandem with the Government to support economic recovery and macroeconomic stability.

The National Reserve Bank of Tonga’s Board of Directors, at its board meeting on the 30 June 2022, approved to maintain its current accommodative monetary policy stance while working in tandem with the Government to support economic recovery and macroeconomic stability.

His Royal Highness Crown Prince Tupouto’a ‘Ulukalala launched the Domestic Electronic Payment System (DEPS) marking the beginning of the progressive move towards digitalization of the payment system.

At a meeting of South Pacific Central Bank Governors on 20 June 2022, the Governors reconfirmed their commitment to supporting the region’s access to cost effective remittances, retention of bank services and improving financial inclusion.

Courtesy of the Reserve Bank of New Zealand

The Reserve Bank is aware that there are few businesses and individuals throughout Tongatapu and the outer islands that are providing foreign exchange services to the public without a valid Foreign Exchange Dealer license.