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National Bank of Georgia’s international reserves drop

Business Materials 8 February 2012 16:26 (UTC +04:00)
The international reserves at the National Bank of Georgia amounted to $2.839 billion as of Jan.31, 2012, the bank told Trend on Wednesday.

Georgia, Tbilisi, Feb.8/ Trend, N.Kirtskhalia /

The international reserves at the National Bank of Georgia amounted to $2.839 billion as of Jan.31, 2012, the bank told Trend on Wednesday.

According to the bank, the figure is $21.1 million less than the figure as of Dec.31, 2011.

International reserves converted into foreign currency amounted to $2.610 billion, including those placed in securities ($1.570 billion) and in foreign bank accounts and the IMF ($1.039 billion). The amount of funds placed in the SDR amounted to $229.1 million.

Its international reserves increased by $554.6 million last year.

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