In November, Georgia’s foreign exchange reserves increased by $3 million compared to last month and annually by $485 million.
As of November 30, 2023, total reserves stood at $5.12 billion that is 17% of the projected GDP for this year ($29.9 billion).
Last months, the central bank actively purchased forex reserves, October was outstanding in this respect when the reserves decreased by $154 million.
This year, National Bank has withdrawn $1.47 billion through the Bloomberg BMatch platform, including the largest purchase of $322 million in April.
