Foreign Reserves rise [1]
Tuesday, July 21, 2009 - 22:00. Updated on Wednesday, July 15, 2015 - 09:58.
Tonga's official Foreign Reserves held by the National Reserve Bank for June rose by $4.2 million pa'anga to $136.3 million, the highest so far for the year.
A statement from the NRBT on July 17 said the June foreign reserve is equivalent to 5.1 months of imports of goods. The rise reflected an increase in foreign receipts by banks and the Government together with lower fuel import payments during the month.
The foreign reserves continue to look good this year as June records the highest for the year and higher than the $89.1 million recorded in June 2008.
The May foreign reserves stood at $132.1 million pa'anga.