Georgia’s currency reserves to hit $1.5 billion

Business Materials 24 March 2009 17:14 (UTC +04:00)

Georgia, Tbilisi, March 24 / Trend , N. Kirtskhalia/

Georgia's international currency reserves will hit $1.5 million as soon as it receives the next IMF tranche, Georgian National Bank Vice President Nodar Amaglobeli said at a press conference. 

"Georgia's currency reserves totals $1.3 billion at the moment," he said. 

Amaglobeli said the tranche will be used to consolidate current reserves.

"It will have a positive impact on drawing in investments," he said.

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