Historical record: National Bank of Georgia increases international reserves

As of July 31, 2023, the international reserves of the National Bank of Georgia have soared to unprecedented heights, reaching 5,436.1 million dollars. This is an impressive milestone in the financial history of the country, reflecting steady growth and strengthening of the financial base.

The change in the volume of reserves during the current year indicates the dynamic activity of the government and the banking sector. However, the key role in this growth was played by the National Bank of Georgia, which actively carried out currency purchases and conducted currency transactions.

International reserves are a complex structure that includes both securities and foreign currency accounts in foreign banks. The National Bank of Georgia has also diversified its assets by investing in special borrowing facilities and maintaining a reserve position in the International Monetary Fund.

It is important to note that the value of international reserves has increased significantly compared to previous years. In 2022, they increased by $ 628.1 million, and in 2021 – by $ 361.3 million. These figures show the stability and confidence of Georgia's financial system.

The sphere of finance remains a key component of the development of any country. The growth of international reserves emphasizes financial independence and readiness for economic challenges. The National Bank of Georgia continues to strengthen its position, ensuring the stability and sustainability of the national economy.