National Reserve Bank of Tonga (original) (raw)
www.reservebank.to | Official Website of Tonga's central bank
The National Reserve Bank of Tonga (Reserve Bank) was established on 1 July 1989 as the central bank of Tonga.
The principal objectives of the Reserve Bank shall be to maintain internal and external monetary stability, promote financial stability and promote a sound and efficient financial system. The Reserve Bank shall conduct its activities in a manner that supports macroeconomic stability and economic growth.
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Financial Sector Meeting on Monetary Policy and Interest Rates
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Category: Press Releases
Created: 20 September 2024
The National Reserve Bank of Tonga discussed with the financial sector its August 2024 monetary policy, interest rates and improving access to finance for underserved sectors. The event took place at Fa’onelua Convention Centre on 20th September 2024, gathering key stakeholders from the financial sector to discuss actionable strategies that can positively impact our nation’s economic landscape.
Twin Milestones for the National Reserve Bank of Tonga in 2024
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Category: Press Releases
Created: 13 September 2024
The National Reserve Bank of Tonga (NRBT) marks its 35th anniversary on Monday 16 September 2024 with an audited net profit of 35millionasitstwinmilestones.The35 million as its twin milestones. The 35millionasitstwinmilestones.The35.8 million profit in 2024 is 75 percent higher than last year’s 2023 record profit of $20 million.
Also read in Tongan: Makamaile Māhanga ‘a e Pangikē Pule Fakafonua ‘a Tonga ‘i he 2024
Foreign Reserves Statistics for July 2024
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Category: Financial Statistics
Created: 04 September 2024
Tonga's official foreign reserves declined in July 2024 by 15.3million,predominantlydrivenbyoutflowsforimportpaymentsandoffshoreinvestment.Thelevelofforeignreserveswas15.3 million, predominantly driven by outflows for import payments and offshore investment. The level of foreign reserves was 15.3million,predominantlydrivenbyoutflowsforimportpaymentsandoffshoreinvestment.Thelevelofforeignreserveswas909.1 million at the end of July 2024, sufficient to cover 10.5 months of imports, and remains above the IMF's recommended threshold of 7.5 months. In year-ended terms, the foreign reserves decreased by $36.1 million.
Monthly Economic Update: August 2024
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Category: Economic Releases
Created: 04 September 2024
Indicators for the primary sector showed mixed outcomes in June 2024. While credit to the industrial sector declined in June 2024, the ongoing public and private construction projects continue to support sectoral growth. The services sector remained strong in June 2024 bolstered by various festivities, including churches’ annual conferences, Heilala Week Festival, and other private events.
Reserve Bank’s August 2024 Monetary Policy Will Promote Greater Access to Finance
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Category: Press Releases
Created: 30 August 2024
The August 2024 MPS maintains the current monetary policy that keeps a watchful eye against inflation threats and supports economic recovery through maintaining the statutory required deposit at 15% and the zero-percent monetary policy rate while considering easing exchange control requirements and maintaining an exchange rate regime that supports greater macroeconomic stability. In collaboration with Government and other relevant stakeholders, the NRBT is introducing new financing instruments such as a concessional credit facility and a partial credit guarantee scheme to boost private sector financing towards stronger growth recovery in 2025, particularly fostering access to financing for underserved and climate change-vulnerable sectors.
Also read in Tongan: Tokanga ‘a e Pangikē Pule΄ ke faka’ai’ai hono ngaue’aki ‘a e ngāue fakapa‘anga ‘i he‘ene fokotu‘utu‘u ngaue fakapa‘anga ‘Aokosi 2024
Unclaimed Monies - as of June 2024
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Created: 24 July 2024
Please be advised that account holders (owners) of listed unclaimed monies are required to make your claim to your respective banks within 3 months from the first date of this publication. In accordance with section 94 of the Banking Act 2020 states, that any remaining unclaimed funds and properties after three (3) months claim period have met its expiry date, shall be presumed to be abandoned funds or properties and any claim shall be addressed directly to the Minister of Finance and is subject to the approval of the Minister of Finance.
Kindly note that advertisement cost will be deducted accordingly. For further enquiries or clarification please contact Financial Institutions department on telephone 24-057 or email This email address is being protected from spambots. You need JavaScript enabled to view it.
The Role of the National Reserve Bank of Tonga
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Category: Press Releases
Created: 31 May 2024
At the heart of Tonga’s financial health, the National Reserve Bank of Tonga (NRBT) does more than just act as the central bank. We play a crucial role in keeping our economy safe, and helping Tonga grow.
Fatongia ‘o e Pangikē Pule Fakafonua ‘a Tonga
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Category: Press Releases
Created: 31 May 2024
Ko e Pangikē Pule Fakafonua ‘a Tongá ‘oku ne fakahoko ‘a e fatongia mahu’inga ki hono tauhi ‘a e malu ‘a e ngaue fakapa’anga ‘a Tonga pea mo tu’apule’anga, pea pehē ki he tupu ‘a e tu’unga faka’ekonomika ‘o e fonuaˊ.