High import payments for fuel [1]
Nuku'alofa, Tonga
Monday, November 9, 2009 - 10:13. Updated on Thursday, August 21, 2014 - 14:59.
Tonga's official Foreign Reserves fell by $2.6 million from $163.3 million in September to $160.7 million in October.
The National Reserve Bank of Tonga stated that the $2.6 million drop was due mainly to high import payments, mostly for fuel.
Tonga's October $160.7 million Foreign Reserve was the equivalent to 6.7 months of imports of goods, and it was $39.10 million more than the Foreign Reserve of $121.6 million during October 2008.