Tonga’s official foreign reserve continued to grow as the National Reserve Bank of Tonga recorded an increase of $26.8 million for the month of June. The reserves rose to $468.7 million, equivalent to 8.1 months of imports.
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Results for National Reserve Bank of Tonga (NRBT)
Friday 4 August 2017
A new customs duty and excise tax introduced last year has driven import prices up causing inflation to hit significantly high levels in Tonga. Annual inflation rose by 10% over the year to May 2017 - well above the National Reserve Bank of Tonga's reference rate of 5%.
Thursday 26 January 2017
A National Financial Inclusion Strategy (NFIS) or action plan to deliver financial services at affordable costs to Tongans is being developed by the Pacific Financial Inclusion Programme (PFIP) and the National Reserve Bank of Tonga (NRBT) for the first time.