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Tonga's Foreign Reserves rise [1]

Nuku'alofa, Tonga

Friday, February 6, 2009 - 18:00.  Updated on Thursday, February 12, 2015 - 21:34.

Tonga's foreign reserves increased by $6.4 million reaching $130.3 million in January 2009.

The January foreign reserves of $130.3 million is the equivalent of 5.1 months of imports of goods for Tonga.

The National Reserve Bank of Tonga in a Press Release on Thursday, February 5 stated the rise was due to a private sector company borrowing from overseas and lower import payments during the month.

The January foreign reserve is higher than any month during 2008. In September 2008 the reserve was $128.5 million.

Economy and Trade [2]

Source URL:https://matangitonga.to/2009/02/06/tongas-foreign-reserves-rise

Links
[1] https://matangitonga.to/2009/02/06/tongas-foreign-reserves-rise [2] https://matangitonga.to/topic/economy-and-trade?page=1