Reserve Bank of Tonga makes further tweaks to exchange controls

Tonga's parliament building in capital Nuku'Alofa

The governor of the Reserve Bank of Tonga has announced further changes to the bank's exchange controls, following on from tweaks made in June 2016.

In a statement published on February 3, Sione Ngongo Kioa said that in light of the central bank's "very high level of foreign reserves" and the current monetary policy stance, there was a need to "improve the clarity of the requirements".

Among the changes is a limit of T$100,000 ($46,000) on capital payments, which will include transactions such

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: