Foreign Reserves equivalent of 6.8 months of imports [1]
Nuku'alofa, Tonga
Thursday, January 14, 2010 - 14:55. Updated on Sunday, May 25, 2014 - 15:35.
Tonga's official foreign reserves for December 2009 reached $160.4 million, which was half a million pa'anga more than the November figure of $159.9 million.
The National Reserve Bank of Tonga stated that the December 2009 figure was also $36.5 million more than the $123.9 million figure for December 2008, and it reflected an increase in remittances during the month of December.
The $160.4 million figure is the equivalent of 6.8 months of imports of goods for Tonga.