Financial Institutions and Markets in Tonga

Michael Skully

Chapter 3 in Financial Institutions and Markets in the South Pacific, 1987, pp 157-202 from Palgrave Macmillan

Abstract: Abstract Located some 3000 kilometres north-east of Sydney and 650 kilometres east of Fiji, the Kingdom of Tonga consists of 171 islands covering some 360,000 square kilometres in area, but with a land area of only 747 square kilometres. Most of this land is divided between three main island groups running from north to south in two parallel chains: the Vava’u group in the north, Ha’apai in the centre and Tongatapu in the south. Of the islands, however, only 36 of the islands are inhabited and the bulk of the population lives on Tongatapu, Vava’u, Ha’apai, ’Eua, and Niuas: Tongatapu alone accounts for some 64 per cent of the Kingdom’s 106,000 population.

Keywords: Financial Institution; Foreign Exchange; Balance Sheet; Credit Union; Equity Investment (search for similar items in EconPapers)
Date: 1987
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DOI: 10.1007/978-1-349-09623-7_3

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