National Bank Says It Purchased $86.6 Million in Foreign Currency in January

The National Bank of Georgia (NBG) said it purchased USD 86.6 million on the Bmatch trading platform in January, bringing the country’s international reserves to USD 6.3 billion.

The move continues a steady increase of reserves over the past year, with the central bank reporting similar purchases almost every month.

The NBG reiterated that “international foreign exchange reserves are an important guarantee of a country’s macroeconomic stability” and that it increases reserves “when market conditions allow.”

Updated data are expected to be released on March 25.

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