Relief funds boost Tonga's foreign reserves in 2022

The receipt of relief funds from the government’s development partners to support Tonga’s recovery from the Hunga Tonga-Hunga Ha’apai volcanic eruption and tsunami has boosted Tonga’s foreign reserves. The official foreign reserves held by the National Reserve Bank of Tongavin April 2022, had increased considerably by $22.6 million to (from March) to $884.0 million, and by over $204 million since April last year.