The currency reserves of the National Bank of Georgia have reached a historic maximum

2022/01/54120-1641887986.jpg
Read: 906     14:00     11 ЯНВАРЬ 2022    

Since the beginning of the pandemic, since March 2020, international reserves have grown by $871.6 million.
The international reserves of the National Bank of Georgia as of December 31, 2021 amounted to 4.3 billion dollars, which is a historical maximum, according to the website of the National Bank of Georgia.
The previous time reserves reached a historic high in May 2021 – $ 4,153.5 million.
Since the beginning of the pandemic, since March 2020, international reserves have grown by $871.6 million, or by 25.6%. In 2020, the growth of reserves amounted to $ 361.3 million.

Structure of international reserves

International reserves converted into foreign currency are the main part of the reserves of the National Bank and amount to $ 3.8 billion.
Their structure includes funds placed in securities – $ 2.5 billion, and currency held in the accounts of foreign banks and the IMF - $ 1.3 billion.
In addition, the reserves of the National Bank include funds placed in special borrowing funds (SDR) – 486.6 million dollars, and the reserve position in the IMF is 30.5 thousand dollars. The National Bank of Georgia does not store funds in gold.
To stabilize the foreign exchange market, in 2020, the National Bank held 26 auctions, at which it sold a total of 873.2 million dollars. In 2021, the regulator sold $ 332.9 million at nine auctions. The anti-record of the lari exchange rate was recorded on March 27, 2020, when the national currency dropped to the level of 3.4842 GEL/$1.
The establishment of the official exchange rate of the lari against the dollar since May 2009 has been carried out by aggregating transactions on the interbank market of the Bloomberg trading system. Since February 1, 2021, the Georgian foreign exchange market has completely switched to trading in the Bmatch Bloomberg system.

Sputnik-georgia.ru





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The currency reserves of the National Bank of Georgia have reached a historic maximum

2022/01/54120-1641887986.jpg
Read: 907     14:00     11 ЯНВАРЬ 2022    

Since the beginning of the pandemic, since March 2020, international reserves have grown by $871.6 million.
The international reserves of the National Bank of Georgia as of December 31, 2021 amounted to 4.3 billion dollars, which is a historical maximum, according to the website of the National Bank of Georgia.
The previous time reserves reached a historic high in May 2021 – $ 4,153.5 million.
Since the beginning of the pandemic, since March 2020, international reserves have grown by $871.6 million, or by 25.6%. In 2020, the growth of reserves amounted to $ 361.3 million.

Structure of international reserves

International reserves converted into foreign currency are the main part of the reserves of the National Bank and amount to $ 3.8 billion.
Their structure includes funds placed in securities – $ 2.5 billion, and currency held in the accounts of foreign banks and the IMF - $ 1.3 billion.
In addition, the reserves of the National Bank include funds placed in special borrowing funds (SDR) – 486.6 million dollars, and the reserve position in the IMF is 30.5 thousand dollars. The National Bank of Georgia does not store funds in gold.
To stabilize the foreign exchange market, in 2020, the National Bank held 26 auctions, at which it sold a total of 873.2 million dollars. In 2021, the regulator sold $ 332.9 million at nine auctions. The anti-record of the lari exchange rate was recorded on March 27, 2020, when the national currency dropped to the level of 3.4842 GEL/$1.
The establishment of the official exchange rate of the lari against the dollar since May 2009 has been carried out by aggregating transactions on the interbank market of the Bloomberg trading system. Since February 1, 2021, the Georgian foreign exchange market has completely switched to trading in the Bmatch Bloomberg system.

Sputnik-georgia.ru





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