Georgian National Bank’s international reserves decrease by 8%

Photo: Georgian National Bank’s international reserves decrease by 8%
 / Economy news

Tbilisi, Georgia, April 13

By Nana Kirtzkhalia - Trend:

International reserves of the National Bank of Georgia declined by $27 million in March.

The international reserves totalled $2,598.6 million as of March 31, according to preliminary data, the national bank told Trend on April 12.

The bank's international reserves converted into foreign currency stand at $2,376 million as well as the international reserves placed as securities amount to $1,634.4 million and those on the accounts of foreign banks and International Monetary Fund (IMF) stand at $741.6 million.

The funds in the special drawing rights (SDR) total $222.6 million, while reserve position in the IMF is $15,500.

Since early 2014 the international reserves of the bank decreased by almost eight percent or by $224.8 million.

Translated by E.A.

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