The National Bank of Georgia (NBG) reported that foreign exchange reserves increased by $154 million in April compared to March, reaching $6.47 billion.
The central bank likely continued its reserve accumulation policy, although detailed intervention data will be published on April 27. According to January–March figures, net FX purchases amounted to $499.7 million. In March alone, the NBG sold $16 million, mainly due to exchange rate volatility.
On a yearly basis, reserves increased by $2.15 billion, or 43%. The growth was driven primarily by the NBG’s FX purchases, which totaled $2.8 billion, as well as gains from gold holdings, contributing an additional $343 million.
The share of gold in reserves remained broadly stable. As of the end of April, the NBG held about 7 tons of gold worth $1.06 billion, almost unchanged from March, as global gold prices showed limited volatility during the period.
