A new Foreign Exchange Control Act 2018 that gives the National Reserve Bank of Tonga sweeping powers to selectively stop Tongan residents from investing offshore and from holding overseas bank accounts, property and other offshore assets, is not currently being enforced. The Governor of the National Reserve Bank of Tonga, Dr Ngongo Kioa, said today that the new Act awaits regulations and directives from Crown Law.
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Results for Dr Ngongo Kioa
Monday 10 September 2018
Friday 29 July 2016
The Pacific International Commercial Bank (PICB), a Chinese-Tongan venture, had its license revoked because it failed to honour a business plan and had not submitted an audit report, the National Reserve Bank of Tonga Governor Dr Ngongo Kioa said in Nuku'alofa today.
Friday 23 August 2013
Dr Sione Ngongo Kioa (54) became the new Governor of the National Reserve Bank of Tonga on August 21 for a five-year term which is open for renewal.
Thursday 22 November 2007
The Commonwealth Heads of Government Meeting, CHOGM, will be officially opened by HM Queen Elizabeth II in Kampala, Uganda, on Friday. Tonga was represented at the Commonwealth Foreign Affairs Ministers' Meeting by the Tongan High Commissioner to the United Kingdom, HE Dr Ngongo Kioa.