The National Bank of Georgia (NBG) reported a USD 324 million increase in its foreign exchange reserves in December, bringing the total to USD 4.45 billion.
“The NBG maintains a consistent focus on building our reserves,” said NBG Acting Governor Natia Turnava. “We are committed to optimizing reserve management and diversification.”
Turnava highlighted the bank’s strategic acquisition of monetary gold earlier in the year. “Our investment in gold has proven particularly beneficial, as appreciation in international gold prices has contributed a $100 million increase to our foreign currency reserves.”
“The growth in reserves since November reflects these successful strategies, and we expect this upward trajectory to continue in line with projected economic growth,” Turnava added.
The NBG will release its next official foreign reserves update on February 7, 2025.
