Georgia’s international reserves are expected to reach $7 billion by the end of 2026, according to a new forecast from Galt & Taggart. The investment bank said in its weekly market report that the National Bank of Georgia (NBG) will continue accumulating foreign currency reserves throughout next year.
Based on NBG data, Georgia’s official international reserves grew by 46.5% year-on-year in March 2026, amounting to $6.3 billion. This marks a significant annual increase driven by macroeconomic stability and active reserve accumulation.
However, reserves declined by 5.2% compared to the previous month, falling by $343.4 million. Galt & Taggart attributes the monthly drop to a decrease in the value of monetary gold, government and banking sector FX operations, and likely the NBG’s use of the BMatch platform for currency transactions. Detailed information will be available on April 27.
As of March 2026, monetary gold accounts for 16.7% of Georgia’s total international reserves. Despite monthly fluctuations, the bank expects steady growth toward the projected $7 billion level by year-end 2026.
