Foreign Exchange Control Act 2018 (Tonga)
The Act generally requires that the sale or purchase of foreign exchange should be done through authorized persons as defined therein for any foreign exchange transactions.
The Act states that the Reserve Bank may authorize any person to be known as an authorized person to deal in gold, foreign exchange or in foreign securities, as an authorized dealer, money changer or any other manner that it deems fit. It lays down the rules which authorized persons should abide by before dealing in transactions using gold, foreign exchange or foreign security. No person shall be an authorized person without a license as issued under the Act.