The National Reserve Bank of Tonga (NRBT; ) is the

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

Tonga Tonga, officially the Kingdom of Tonga, is an island country in Polynesia, part of Oceania. The country has 171 islands, of which 45 are inhabited. Its total surface area is about , scattered over in the southern Pacific Ocean. accordin ...

. The Reserve Bank is responsible for regulating the issue and

supply Supply or supplies may refer to: *The amount of a resource that is available **Supply (economics), the amount of a product which is available to customers **Materiel, the goods and equipment for a military unit to fulfill its mission *Supply, as ...

of domestic and international

currency A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific envi ...

, as well as promoting monetary stability and

economic development In economics, economic development (or economic and social development) is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and object ...

. 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 A financial institution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of financial monetary transactions. Broadly speaking, there are three major types of financial ins ...

. The current Governor is Tatafu Moeaki who succeeded Ngongo Kioa. NRBT is active in promoting

financial inclusion Financial inclusion is the availability and equality of opportunities to access financial services. It refers to processes by which individuals and businesses can access appropriate, affordable, and timely financial products and services—which ...

and is a member of th
Alliance for Financial Inclusion
NRBT Building hosts the Embassy of Japan. NRBT Is the current tallest building in Tonga, standing at 18m (59 ft).

History

National Reserve Bank of Tonga was established on 1 July 1989. It was preceded as monetary authority and holder of foreign reserves by Bank of Tonga, which was established in 1974.

Governors

Governor of the bank is appointed for renewable five-year terms. # Alan E. Gee, July 1989 - July 1991 #

Siosiua 'Utoikamanu Siosiua is a given name. Notable people with the given name include: *Siosiua ʻUtoikamanu, Tongan politician *Josh Liavaa, Tu'iono Siosiua "Josh" Liava'a (1948–2014), Tongan-born rugby league player *Siosiua Halanukonuka (born 1986), Tongan rug ...

, July 1991 – May 2003 # Siosi Cocker Mafi, May 2003 – July 2013 # Sione Ngongo Kioa, August 2013 — October 2022 # Tatafu Moeaki, December 2022 — present

References

External links

NRBT official website

Economy of Tonga Banks of Tonga 1989 establishments in Tonga Banks established in 1989 {{bank-stub

History

Governors

See also

References

External links