Tonga's foreign reserve drops [1]
Nuku'alofa, Tonga
Wednesday, April 12, 2006 - 18:27. Updated on Monday, September 29, 2014 - 09:46.
Tonga's official Foreign Reserve in March fell to its lowest level in 17 months.
The National Reserve Bank of Tonga reported on April 10 that the Foreign Reserve fell by $5 million from $82.4 million in February to $77.4 million in March. During the same month last year the Foreign reserve was $80.9 million.
Tonga's current Foreign Reserve of $77.4 million is estimated to be equivalent to 4.2 months of import of goods.