In the first half of 2025, the National Bank of Georgia (NBG) purchased USD 880 million in foreign exchange reserves through the Bmatch platform, as part of its ongoing efforts to bolster the country’s macroeconomic stability.
Despite these significant purchases, the total increase in reserves during this period amounted to USD 240 million, primarily due to external debt servicing, which would have otherwise caused a decline in the reserve volume.
As of June 2025, Georgia’s foreign exchange reserves stood at USD 4.7 billion, up from USD 4.45 billion in December 2024.
According to the NBG, the largest single-month acquisition occurred in April, with a net purchase of USD 266.4 million. In June alone, the bank purchased USD 266 million, though the net growth in reserves for that month was USD 107 million.
NBG’s 2025 Foreign Exchange Interventions (via Bmatch):
- No net purchases were made through Bmatch in January-February
- March: USD 101.7 million
- April: USD 266.4 million
- May: USD 245.4 million
- June: USD 266.0 million
In its official statement, the National Bank reaffirmed its commitment to strengthening Georgia’s foreign exchange buffer:
“International currency reserves are a crucial guarantor of the country’s macroeconomic stability. Accordingly, the National Bank is always focused on replenishing reserves, as reflected in its stated policy. When market conditions allow, the Bank increases the country's international reserves.”
These proactive interventions are part of the NBG’s broader strategy to maintain monetary stability, manage external shocks, and preserve investor confidence in the Georgian economy.
