Georgia's international reserves reach new record, exceeding $7.5 bln - National Bank

TBILISI. Aug 7 (Interfax) - The international reserves of the National Bank of Georgia (NBG) reached an all-time high of $7.53 billion at the end of July 2026, having grown 1.5-fold year-on-year, the NBG said in a press release .

"During 2026, the NBG replenished its reserves thanks to favorable conditions in the foreign exchange market. Total net purchases amounted to $2.08 billion in January-June 2026," the NBG said.

Reserves increased 22.3% compared to the beginning of the year. In July, the figure grew by $404.6 million or 5.8%.

According to the NBG, the current level of reserves is 118.7% of the International Monetary Fund's (IMF) reserve adequacy ratio (ARA).

The regulator also noted the diversification of reserves begun in 2024 through the acquisition of gold, the share of which in the reserves as of July amounted to 13.5% or $1.01 billion.

IMF experts said in a working paper at the end of June that the NBG's international reserves needed to be strengthened further, although they reached 100% of the fund's reserve adequacy ratio after several years of deficit.

Georgia's international reserves grew 38% in 2025 to $6.2 billion after declining 11.2% in 2024 and growing 3% in 2023.

According to the forecast of Georgia's largest investment bank Galt & Taggart, the NBG's reserves could increase to $7.$7-8 billion this year.