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Reserves of Georgia's national bank decrease

Georgia Materials 8 April 2022 11:08 (UTC +04:00)
Reserves of Georgia's national bank decrease
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, April 8. Georgia’s state reserve assets in March 2022 amounted to $4.03 billion, which is a decrease of 1.7 percent, compared to the same period of 2021 ($4.1 billion), Trend reports via the National Bank of Georgia (NBG).

However, the same figure increased by 3.3 percent, compared to February 2022 ($3.9 billion), the report said.

Georgia’s foreign currency reserves decreased by 6.8 percent, compared to the same period of 2021 ($3.8 billion), and totaled $3.54 billion. However, the same figure increased by 1.1 percent, compared to February 2022 ($3.5 billion).

The NBG’s reserves in special borrowing funds (SDRs) increased by 130 percent, compared to the same period of 2021 ($207.9 million), and totaled $478.2 million, while the IMF’s reserve position did not change and amounted to $30,000. The NBG does not store funds in gold.

The securities of the total reserves amount to $2.3 billion, while the currency in accounts of foreign banks and the IMF's reserves total $1 billion.

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