Tonga's foreign reserves drop [1]
Friday, December 30, 2005 - 16:47. Updated on Wednesday, October 1, 2014 - 12:21.
As of November 2005 Tonga's official Foreign Reserve held by the National Reserve Bank of Tonga was $81.8 million, an amount equivalent to 4.3 months of imports of goods. The November Foreign Reserve was $0.6 million less than that of October.
The National Reserve Bank reports that the drop of the Foreign Reserve in November was the result of foreign exchange operations that the National Reserve Bank carried out with the commercial banks and with the Government of Tonga.
Tonga's Foreign Reserve in November 2004 was $91.5 million.