In February 2025, Georgia's official international reserve assets decreased by USD 202 million and amounted to USD 4.23 billion. Natia Turnava, Goernor of the National Bank noted that the National Bank itself did not intervene in the foreign exchange market in January and February, and in addition to the activities of the NBG, the Georgian government also had an impact on the reserves, since external debt servicing was carried out precisely from foreign exchange reserves.
According to the Treasury of the Ministry of Finance, from January 1 to March 11, 2025, 359 million GEL was spent on servicing the central government's external debt, which is over USD 127 million.
However, in addition to the central government, the activities of state-owned companies also have an impact on foreign exchange reserves, and their servicing of external debts could also have an impact on the reserves. Detailed debt servicing statistics for this sector are not available at this time.
During 2025, the government will spend 2.2 billion GEL on servicing external debt, which is equivalent to USD 783 million.
