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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.

Economy and Trade [2]

Source URL:https://matangitonga.to/2009/11/09/high-import-payments-fuel

Links
[1] https://matangitonga.to/2009/11/09/high-import-payments-fuel [2] https://matangitonga.to/topic/economy-and-trade?page=1