Georgia, Tbilisi, July 1 / Trend N.Kirtzkhalia /
Net international investment position (IIP) of Georgia is negative. By the end of the first quarter of 2010 IIP amounted to -$11.3 billion that is 7.7 percentage points increase compared to the same period of previous year and 0.6 percentage points growth in comparison with preceding quarter, the National Bank of Georgia reported.
Total assets amounted to $3.2 billion of which 68.6 percent consists of reserve assets. Reserve assets increased by 47.3 percent as compared to the first quarter of 2009 and made up $2.2 billion.
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