In November, forex reserves were replenished with $ 124.5 million and stood at $ 4.1 billion - NBG

In accordance with the current situation in the foreign exchange market, the National Bank of Georgia continues to replenish international reserves. In November, as a result of the interventions carried out on the Bmatch platform, NBG replenished the foreign exchange reserves by 124.5 million dollars, the volume of the country’s international reserves reached 4.1 billion dollars as of November.\

Forex reserves are an important guarantor of the country’s macroeconomic stability. Accordingly, NBG always replenishes the reserves, which is confirmed by the bank's declared policy at a given moment, when the market allows it, the National Bank increases the country's international reserves.

Apart from that, the currency interventions carried out by NBG in 11 months of 2024 look as follows:

• January - NBG purchased $8.1 million by Bmatch platform

• February - NBG purchased $77.5 million by Bmatch platform

• March - NBG purchased $127.9 million by Bmatch platfor

• April - NBG purchased $73.1 million by Bmatch platform

• May - $108.7 million sold via foreign exchange auctions and $9.1 million by Bmatch platform
• June - $60 million sold via foreign exchange auction and $42 million by Bmatch by Bmatch platform

• July - $1.9 million in net purchases by Bmatch platform

• August - $41 million net acquisition by Bmatch platform

• September - Bmatch net sale $106.5

• October - $213.4 million sold via currency auction and $377.7 by Bmatch platform

• November - $124.5 net purchase by Bmatch platform

The National Bank of Georgia will publish the updated data on operations carried out in the forex market on January 25, 2025- the National Bank of Georgia reports.