In February, the National Bank of Georgia (NBG) continued accumulating reserves, purchasing a total of $429 million through Bloomberg’s Bmatch platform. This marked a fourfold increase compared to January, when $86 million was acquired.
Foreign exchange purchases were the main driver of Georgia’s official international reserve growth last month. As a result, total reserves rose by $359 million to reach $6.65 billion.
The significant increase reflects the NBG’s ongoing efforts to strengthen the country’s financial stability and cushion against external shocks. The bank’s interventions in the FX market have been a key tool in managing liquidity and supporting the national currency.
It is currently unknown whether the NBG conducted any reserve sales in March; this information is expected to be released on April 25.
