Georgian central bank’s  reserves down $ 702 million over the year

Georgian central bank’s reserves down $ 702 million over the year

access_time2021-04-15 15:21:35


As of March 31, 2021, the international reserves of the National Bank of Georgia (NBG) amounted to $ 4.1 billion that is 300,000 less than in January 2021.

Compared with March 2020, the reserves decreased  to $ 702 million.

95% of reserves or 3, 8 billion are denominated in foreign currency, a special loan accounts for 5%. 61% of reserves or $ 2.38 billion  are assets  denominated in securities, $ 1.5 billion - in cash. The National Bank doesn’t own any gold.


A  volume of reserves increased by 3 180%, in the last 5 years - by 67% compared with 20 years ago.

In 2020, the National Bank carried out foreign exchange interventions in the amount of $ 873 million 26 times . In 2021, interventions have been carried out 5 times with  the total amount of $ 188 million.

Since  January 2020 the regulator has sold currency in the amount of $ 1.06 billion.

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