Tonga

Public Awareness on 2023 Banknotes in Vava'u Region

The National Reserve Bank of Tonga conducted a public awareness program on the 2023 banknote series in the Vava'u region from March 30 to April 2, 2026. The program included outreach to government schools, distribution of educational materials to retail businesses, offices, and banks, as well as meetings with commercial bank management in Vava'u.

Tonga Growth Constrained by Global Market Tensions

The National Reserve Bank of Tonga released its Monthly Economic Update for March 2026, reporting that domestic growth is constrained by disruptions from the escalating Middle East conflict. Brent crude oil prices have surged toward $120 per barrel due to Strait of Hormuz disruptions, while agricultural exports dropped 74.6% in January 2026. Annual headline inflation declined to 2.0%, though foreign reserves eased to $958.6 million (11.1 months of import coverage). The financial system remains sound with adequate capital buffers, though elevated NPL levels warrant enhanced oversight.

Public Notice: Beware of Romance Scams Targeting the Vulnerable Community Members

The National Reserve Bank of Tonga issued a public notice on 17 April 2026 alerting the public to an increase in romance scams targeting community members through social media platforms. The notice identifies seven red flags including requests for money via unusual payment methods, avoidance of video calls, and pressure to move conversations to private messaging apps. Victims are advised to contact their bank immediately and report incidents to the Tonga Police Cybercrime Unit.