As of November 30, 2020, Georgia's foreign exchange reserves amount to 3.75 billion USD.
The volume of reserves has decreased by $ 180 million compared to August of this year, which is related to foreign exchange interventions carried out by the NBG.
In total, the National Bank held 25 foreign exchange interventions and sold 843 million USD to mitigate the fluctuations of the GEL exchange rate this year, including 513 million USD was sold after August. Consequently, this means that in parallel with the implementation of interventions, Georgia's foreign exchange reserves are replenished as a result of new financial flows attracted from abroad.
However, Georgia has borrowed 1.5 billion USD from donors to deal with the crisis, and the money taken in the form of debt goes to the NBG's foreign exchange reserves, after which the Georgian government uses it to finance expenses.
The national currency was highly devaluated in March, when the first case of coronavirus was revealed. On March 27, 1 USD has made up 3.48 GEL.
