As of 31 December 2025, the National Bank of Georgia (NBG) held total foreign exchange reserves of $6.16 billion, according to its annual financial report. The reserves are mainly invested in highly secure international financial instruments.
The largest share - $2.05 billion - is placed in U.S. Treasury bonds, making them the biggest single reserve asset. The second-largest holding is monetary gold, amounting to 7 tons valued at around $1 billion.
Other significant investments include $195 million in French government bonds, $91 million in bonds of the Caribbean and Latin American Development Bank, and $69 million in French pension fund securities. In addition, $68 million is invested in International Bank for Reconstruction and Development (World Bank) bonds.
Overall, the NBG’s reserve portfolio is diversified across sovereign debt, multilateral development institutions, and gold, with a strong emphasis on low-risk, high-credit-quality assets.
