Reserves of Georgia’s central bank at highest rate since 2013

From tomorrow 1 USD will equal 2.2953 GEL - up from the previous rate of 2.3157 GEL. Photo by N.Alavidze/Agenda.ge.
Agenda.ge, 08 Jan 2018 - 18:28, Tbilisi,Georgia

The volume of reserves of the National Bank of Georgia (NBG) has increased and reached $3.39 billion – the highest rate since 2013.

As of December 31, 2017 the volume of reserves reached $3.39 billion, announced Georgian Public Broadcasting.

Last month reserve assets increased by $40 million from November 2017.

More specifically, foreign exchange reserves increased by $46 million and reached $2.8 billion. As for the amount of the Special Drawing Rights (SDR), this indicator decreased by $6 million and totalled $206 million.

The historic maximum of the NBG’s reserves rate was observed in October 31, 2013 when it totalled $3.110 billion.