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Photo/ National Bank of Georgia

Currency Reserves Marked 2.856 billion USD as of August 1

Currency reserves made up 2.856 billion USD as of August 1 (-0.04% month on month; +16.7% year on year).

In June and May reserve assets increased, while in April the indicator declined (-$4.5 million month on month), after sovereign Eurobonds were covered by coupons.

Currency reserves in May-June increased thanks to spring interventions by the NBG.

After a long break, the National Bank resumed supplying GEL mass to the market in March. In July and August the NBG has not held auction.

Assets include foreign currency reserves – 2.655.6 billion USD and special depository receipts (SDR) 200.8 million USD.