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Home > Tonga's Foreign Reserve increased by $1.1m in April

Tonga's Foreign Reserve increased by $1.1m in April [1]

Nuku'alofa, Tonga

Thursday, May 17, 2012 - 14:48.  Updated on Tuesday, September 3, 2013 - 15:36.

Tonga's Foreign Reserve increased by $1.1million to $240.3 million in April, which is equivalent to nine months of imports of goods.

The National Reserve Bank of Tonga NRBT, reported that the $1.1 million increase was due mainly to the receipt of official foreign aid during the month.

The April 2012 figure was a significant increase by $80.2 million, compared with the National Foreign Reserve of $160.1 million on April 2011.

Meanwhile, the latest Trade Statistics available from the Statistics Department showed that during the third quarter of 2011, July/Sept import went up by $5 million, from $77.4 million during the second quarter to $82.5 million in the third quarter. During the same period of time export drop from $6.9 million in the second quarter to $4.7 million in the third quarter.

Foreign Reserve [2]
Trade Statistics [3]
Economy and Trade [4]

Source URL:https://matangitonga.to/2012/05/17/tongas-foreign-reserve-increased-11m-april

Links
[1] https://matangitonga.to/2012/05/17/tongas-foreign-reserve-increased-11m-april [2] https://matangitonga.to/tag/foreign-reserve?page=1 [3] https://matangitonga.to/tag/trade-statistics?page=1 [4] https://matangitonga.to/topic/economy-and-trade?page=1