The National Bank of Georgia (NBG) has replenished its foreign exchange reserves with a record USD 1.5 billion during January–August 2025, according to GD Prime Minister Irakli Kobakhidze, who expressed gratitude to NBG President Natia Turnava for the achievement.
“The stability of the GEL exchange rate is very important. There were negative forecasts in December–January, when so-called experts actively claimed that the exchange rate would exceed 3.10 GEL per dollar. However, reality proved otherwise, since January, the GEL has strengthened by 15 tetri against the dollar,” Kobakhidze said during a business meeting.
He emphasized that the smooth operation of the National Bank is “of key importance for sustainable economic development,” noting that the January–August reserve accumulation marks a record in Georgia’s history.
According to NBG data, the bank purchased USD 199.6 million on the Bmatch platform in August alone, bringing total foreign currency purchases for the first eight months of the year to USD 1.496 billion.
