Tonga's Foreign Reserve for February fell by $11.3 million to $101.8 million. The National Reserve Bank of Tonga stated yesterday that the large fall reflect a "higher oil payments during the month."

The National Reserve Bank also stated that the fall of the Foreign Reserve came about because of "movements in reserves result from the foreign exchange operations that the National Reserve Bank carries out with the commercial banks and with the Government of Tonga."

The February Reserves was the eqivalent of 4.5 months of imports of goods.