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Rise in foreign reserve due to foreign aid receipts [1]

Nuku'alofa, Tonga

Friday, January 14, 2011 - 18:56.  Updated on Monday, September 9, 2013 - 18:40.

TONGA'S Foreign Reserve for December 2010 that was held by the National Reserve Bank of Tonga, rose by $9.5 million to $177.5 million compared to $168.0 million in November 2010 and $160.4 million in December 2009.

The $177.5 million Foreign Reserves in the equivalent to 7.9 months of imports of goods.

The December 2010 rise in the Foreign Reserve was due mainly to the receipt of Foreign aid for the government, according to a statement from the National Reserve Bank of Tonga.

Economy [2]
Source URL:https://matangitonga.to/2011/01/14/rise-foreign-reserve-due-foreign-aid-receipts

Links
[1] https://matangitonga.to/2011/01/14/rise-foreign-reserve-due-foreign-aid-receipts [2] https://matangitonga.to/topic/economy?page=1