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Central Banks
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National Reserve Bank of Tonga |
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The National Reserve Bank of
Tonga (NRBT) is the central bank of Tonga. The Reserve Bank is responsible
for regulating the issue and supply of domestic and international currency,
as well as promoting monetary stability and economic development. It also
advises the Ministry of Finance on banking and monetary matters, acts as the
principal banker and fiscal agent of the Government of Tonga, and is
responsible for the licensing and supervision of financial institutions.
The principal objectives of the Bank shall be, to maintain internal and
external monetary stability; and promote a sound and efficient financial
system.
The principal functions of the Bank shall be,
to: |
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• issue banknotes and coins of Tonga;
• formulate and implement monetary policy;
• regulate as required the supply, availability and international
exchange of money;
• hold and manage the external reserves of the Kingdom;
• provide advisory services to the Minister on banking and monetary
matters;
• be the principal banker, fiscal agent and depository of the
Government;
• undertake banking business, in Tonga or elsewhere, subject to the
provisions of the Act;
• regulate and supervise financial institutions; and
• oversee and promote the efficient, sound and safe functioning of the
payment system.
In achieving the functions above, the Reserve Bank commits itself to
providing effective support functions through a sound banking and financial
control system, appropriate information system and the development of
competent and qualified staff. |
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National Reserve Bank of Tonga |
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HQ
Address: |
Salote Road
Nuku'alofa
Tonga |
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Tel: |
+676 24 057 |
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Fax: |
+676 24 201 |
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Website: |
www.reservebank.to |
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Email: |
nrbt@reservebank.to |
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Currency: |
Pa'anga |
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Banking Hours: |
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Monday - Friday : 9.00am -
4.00pm |
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List of banks governed by the National
Reserve Bank of Tonga |
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» Westpac Bank of Tonga (WBOT) |
» ANZ Bank |
» MBF Bank |
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» Tonga Development Bank |
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