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Results for Economy and Trade

Tuesday 1 February 2005
Nuku'alofa, Tonga
Tonga's official Foreign Reserves held by the National Reserve Bank increased by $1.9 million in December 2004 to $93.4 million, an amount equivalent to 5.9 months of imports of goods.
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Friday 7 January 2005
Nuku'alofa, Tonga
Tonga's Foreign Reserves for November 2004 went up by $4.4 million to $91.5 million, an amount equivalent to 5.6 months of imports of goods.
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Thursday 25 November 2004
Nuku'alofa, Tonga
The official Foreign Reserves held by the National Reserve Bank for October increased by $8.1 million from $79 million to $87.1 million, an amount equivalent to 5.4 months of imports of goods.
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Monday 18 October 2004
Nuku'alofa, Tonga
The official Foreign Reserves held by the National Reserve Bank of Tonga in September 2004 was $79 million, an amount equivalent to 4.8 months of imports of goods.
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Tuesday 28 September 2004
Nuku'alofa, Tonga
Tonga's official foreign reserves held by the National Reserve Bank for August, stood at $78.4 million, an amount equivalent to 4.8 months of imports of goods.
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Tuesday 28 September 2004
London, UK
Britain is planning a new effort to help poor countries reduce their huge debts by offering to pay off 10 percent of the total owed to international agencies and challenging other nations to follow suit, said Gordon Brown, the chancellor of the Exchequer.
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Saturday 25 September 2004
Nuku'alofa, Tonga
A new loan allocation for Tonga from the Asian Development Bank will be decided on early next year, said Rolf Eckermann, a member of an ADB Executive Directors delegation who visited Tonga this week.
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Friday 10 September 2004
Nuku'alofa, Tonga
The official foreign reserves held by the National Reserve Bank decreased by $0.2 million in July 2004, from $89.7 million to $89.5 million, an amount equivalent to 5.5 months of imports of goods.
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Wednesday 28 July 2004
Nuku'alofa, Tonga
Tonga is scheduled to become a member of the World Trade Organisation in early 2005, Moana Taukolo of the Tonga Ministry of Labour and Commerce, told a three-day National Seminar on WTO issues in Nuku'alofa early this month.
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Saturday 24 July 2004
Nuku'alofa, Tonga
The official Foreign Reserve held by the National Reserve Bank of Tonga increased by $25.8 million pa'anga in June 2004 to $89.7 million, an amount equivalent to 5.2 months of imports of goods.
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Wednesday 21 July 2004
Nuku'alofa, Tonga
The elimination of trade protectionism by the World Trade Organisation, in its quest to establish a global economy will confront Tonga with a tremendous trade disadvantage, warned the Prince Regent, Crown Prince Tupouto'a when he opened a three-day National Seminar on WTO issues on July 19, at the National Reserve Bank building, Nuku'alofa.
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Friday 14 May 2004
Nuku'‘alofa, Tonga
Tonga's official Foreign Reserve in April reached the highest point for this year.
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Wednesday 7 April 2004
Nuku'alofa, Tonga
Tonga's high inflation rate of 12 per cent, is a stumbling block for economic recovery, and a major cause of misery for ordinary Tongans, and urgently needs to be reduced. Martin Cerisola, the leader of an International Monetary Fund delegation, winding-up their annual visit to Tonga on April 2, said that high inflation had the most adverse affect on low income earners. "It affects the poor the most, and I emphasised that inflation should be brought down to a sustainable level.
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Monday 1 December 2003
Nuku'alofa, Tonga
Tongan communities realise they need new skills and more income. - Matangi Tonga, Vol. 18, No. 3
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Tuesday 11 November 2003
Nuku'alofa, Tonga
The state of Poverty and Corruption in Tonga was highlighted by researchers in Nuku'alofa at the end of October.
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Thursday 30 October 2003
Nuku'alofa, Tonga
“It seems that the state of our economy is starting to look up, the result of efforts that we have made in the past”.- King Taufa'ahau Tupou IV.
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Saturday 30 August 2003

Nuku‘alofa, Tonga
Although the Free Trade area for the Pacific has started to take shape Tonga is not ready to take advantage of it. From Matangi Tonga Magazine Vol. 18, no. 2, August 2003.
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Sunday 30 March 2003

Nuku‘alofa, Tonga
There is increasing interest in the state of the economy: in particular the fall in the level of the Pa‘anga, the high level of inflation, and the economic reform programme. I intend to link these issues and to explain the economic and developmental factors behind them. In an educated, open society like Tonga’s, it is important that as many people as possible understand these important issues so that they can make informed contributions to the debate. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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Sunday 30 March 2003

Nuku‘alofa, Tonga
Tonga’s Crown Prince Tupouto‘a offers a radical solution to Tonga’s inflation crisis: he says the low Pa‘anga is retarding the economy, and suggests that Tonga could dollarise its economy, to allow the US Dollar to become legal tender here. Interview by Pesi Fonua. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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Sunday 30 March 2003

Nuku‘alofa, Tonga
The assessment by the International Monetary Fund of the Tongan macro-economy during the 2001-2002 fiscal year, highlighted their grave concern over the stagnating state of the economy, the depletion of the official reserves, the marked depreciation of the Pa‘anga, mounting public indebtedness, and the rapid increase in the inflation rate.. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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