The National Reserve Bank of Tonga has recommenced the pay out of claims by depositors and creditors of the former Pacific International Commercial Bank. In a statement on August 11, the NRBT said that payments may be collected from the NRBT. The license of the PICB was revoked by the Reserve Bank on July 26.
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Thursday 11 August 2016
Nuku'alofa, Tonga
Thursday 28 July 2016
Nuku'alofa, Tonga
The National Reserve Bank of Tonga wishes to assure the public that despite the revocation of the banking licence of Pacific International Commercial Bank (PICB) effective from 26 July 2016, the banking system remains sound. While PICB represented a very small proportion of the total banking system, the banks in Tonga continue to be profitable and maintain strong liquidity and capital position.
Wednesday 25 May 2016
Nuku'alofa, Tonga
The public is advised by the National Reserve Bank of Tonga to take heed of the requirements for the removal of cash from Tonga, and for cash entering Tonga, in order to avoid any unnecessary delays in arrangements for travel or export of cash. Reserve Bank Permission is required for removal of cash exceeding T$10,000 or its equivalent in any other currency and all applicants must submit their applications to the Reserve Bank at least three days prior to the departure date from Tonga.
Wednesday 11 May 2016
Nuku'alofa, Tonga
Five new Shared Directors for Tonga's Transport Sector Public Enterprises have been named by the Ministry of Public Enterprises on May 9. The Transport Sector Board includes the Ports Authority Tonga, Tonga Airports Limited and Friendly Islands Shipping Agency.
Friday 24 July 2015
Nuku'alofa, Tonga
The National Reserve Bank of Tonga wishes to inform the general public that the license of Melie-Mei-Langi Co. Ltd has been revoked and is no longer authorized to conduct foreign exchange business. Members of the public are encouraged to report to the National Reserve Bank of Tonga any person or business that is advertising or providing foreign exchange services but are not authorized dealers or authorized restricted dealers.
‘Oku fanongonongo atu foki ke fakatokanga’i ange ‘e he kakai ‘o e fonua kuo kaniseli ‘a e laiseni ‘o e kautaha Melie-mei-Langi Co. Ltd pea kuo ‘ikai ke fakamafai’i ke toe fetongi pa’anga muli.
Monday 6 July 2015
Nuku'alofa, Tonga
The Reserve Bank has revised its Exchange Control Policy Guidelines with effect from 1st May 2015. The Exchange Control Policy Guidelines outlines the supporting documentary evidence that must be sighted by the commercial banks, authorized foreign exchange dealers and the Reserve Bank prior to allowing any overseas payments to be made.
Fanongongo mei he Pangike Pule Fakafonua ‘o Tonga fekau’aki moe Liliu ki he Tohi Fakahinohino ki he Ngaahi Tohi ‘oku Ngaue’aki ko e Fakamo’oni ki he Fetongi Pa’anga Muli.
Friday 19 June 2015
Nuku'alofa, Tonga
Issue of the Revised Anti-Money Laundering/ Counter Financing of Terrorism (AML/CFT) Guideline. The National Reserve Bank of Tonga, in its capacity as the Transaction Reporting Authority (TRA), is issuing the Revised AML/CFT Guideline pursuant to section 11A(o) of the Money Laundering and Proceeds of Crime (Amendment) Act 2010 [MLPC Act].
Tukuatu ‘o e Tohi Fakahinohino ki hono fakafepaki’i hono fe’ave’aki fakapulipuli ‘o e pa’anga kaka, pa’anga hiamatea mo e fakapa’anga ‘a e ngaahi ngaue fakatautoitoi. Official Press Release from the National Reserve Bank of Tonga (English and Tongan).
Thursday 19 March 2015
Nuku'alofa, Tonga
Government has approved in principle the draft Tongan Strategic Development Framework 2015-2025, ‘A more progressive Tonga: enhancing Our Inheritance’ to be shared widely to the public and stakeholders outside government for information and comment. Key Stakeholders and the public are invited to review and submit comments on the TSDFII before March 31, 2015.
Wednesday 26 November 2014
Nuku'alofa, Tonga
The Tonga Power Ltd. Board of Directors declared the company’s dividend at a total of T$1,359,314 on Tuesday, 25 November 2014 to the shareholder, the Government of Tonga.
Tuesday 28 October 2014
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Nuku'alofa, Tonga
Tonga's Deputy Prime Minister Hon. Samiu Vaipulu, led a Tongan delegation to China in early October to view clean energy solutions and also to attend the 7th Asian Solar Energy Forum (ASEF) meeting in Seoul, Korea on October 14 - 15.