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Georgia’s Central Bank liabilities to non-residents significantly increase

Georgia Materials 11 January 2022 14:01 (UTC +04:00)
Georgia’s Central Bank liabilities to non-residents significantly increase

BAKU, Azerbaijan, Jan. 11

By Maryana Akhmedova – Trend:

Georgia’s Central Bank liabilities to non-residents from January through December 2021 amounted to 29.8 million Georgian lari ($9.6 million), which is an increase of 71.2 percent, compared to 17.4 million Georgian lari ($5.6 million) over the same period of 2020, Trend reports via statistical data from the National Bank of Georgia (NBG).

Meanwhile, Central Bank claims on non-residents in 2021 amounted to 156.9 million Georgian lari ($50.7 million) – an increase of 13.5 percent, compared to 138.2 million Georgian lari ($44.7 million) in 2020.

According to the NBG, Georgia’s Central Bank net foreign assets amounted to 127 million Georgian lari ($41.1 million), which is an increase of 5.2 percent, compared to 120.7 million Georgian lari ($39 million) over the same period of 2020

Central Bank net foreign assets only in December 2021 increased by 12 percent, compared to 9.1 million Georgian lari ($2.9 million) in November 2021, and totaled 10.2 million Georgian lari ($3.3 million).

However, the same figure decreased by 6.4 percent, compared to 10.9 million Georgian lari ($3.5 million) in December 2020.

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