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Reserves

National Bank’s International Reserves Grow by 29 million USD

In March the official international reserves of the national bank of Georgia (NBG) increased by 29.4 million USD as compared to February 2016.

In the reporting period, the NBG increased reserves by 15 million USD at currency auctions. Transactions carried out at the treasury have also replenished the reserves.

In the reporting period payments of debts to the international monetary fund (IMF) made up 3.9 million USD. The reserves also decreased by 43.6 million USD as a result of reduction of balance on correspondence accounts of commercial banks.

As to April, the NBG purchased 40 million USD at currency auctions in this month.