According to statistics published by the National Bank of Georgia, no transactions were carried out on the Bmatch trading platform in February 2025. Accordingly, the NBG did not intervene in the foreign exchange market between January and February.
However, on March 10, NBG President Natia Turnava stated that there are already prerequisites in the foreign exchange market for the NBG to purchase foreign currency and thereby increase foreign exchange reserves.
As for reserves, in February 2025, Georgia's international reserve assets decreased by $202 million and amounted to $4.23 billion. In annual terms, reserves decreased by $512 million, or 11%.
The decline in Georgia's foreign exchange reserves is likely due to the use of NBG reserves by the state budget and state corporations, as the state debt and debts of state companies are repaid from these funds.
According to a publicly released report, the state budget spent 359 million GEL, or $128 million, on servicing external debts in January-February.
