Natia Turnava: Replenishing International Reserves Remains Top Priority for the National Bank

“The necessity of replenishing international reserves is a very important task, which will continue to remain our main priority,” said Natia Turnava, President of the National Bank of Georgia.

According to her, strengthening the adequacy of international reserves is essential for economic resilience. “Favorable conditions in recent months—particularly strong foreign exchange inflows—have enabled the National Bank to significantly offset the foreign currency sales we had to carry out last fall. Current data shows we have already exceeded the amount of funds sold during that period, and we will continue our efforts in this direction,” she stated.

Turnava also emphasized that maintaining financial stability remains a core mission of the National Bank. “Our policy must be geared toward neutralizing various risks. One such risk is the prevalence of unhedged loans. To mitigate the impact of exchange rate fluctuations on the population and the financial system, we are continuing our consistent larization policy,” she said.

She noted that Georgia’s banking sector remains strong: “The sector is well-capitalized, with solid asset quality and adequate buffers, which gives us confidence that, even amid growing global uncertainties, our financial system will remain resilient and capable of withstanding various risks.”