Tbilisi, Georgia, Jan. 2
By Nana Kirtzkhalia - Trend:
Georgia's net international investment position (NIIP) was negative as of Sept. 30, 2014 and stood at $16.9 billion.
The National Bank of Georgia told Trend that this figure is $1.1 billion less than the same figure for the last year and $192 million less than in the previous quarter.
As of Sept. 30, 2014, international assets stood at $6.1 billion, some 44 percent in them being held by reserve assets, 30.3 percent - by other investments, 24.6 percent - by direct investment abroad, and 1.1 percent - by portfolio investments.
Some 21.1 percent account for cash and deposits (aside from the reserve cash and deposits), 6.6 percent - for trade credits, and 2.4 percent - for loans.
The reserve assets, as compared to the previous quarter, rose by $203 million by Sept. 30, 2014 standing at $2.7 billion.
Out of quarterly changes in the reserve assets, some $264 million accounted for operational changes, negative $0.2 million - for price changes, and negative $60.8 million - for rate changes.
In late Q3 the total liabilities amounted to $23 billion, which is $1.3 billion more than in the same period of last year and $545.6 million more than in the previous quarter.