Georgian National Bank boosts its reserves by $85.7 million as the currency market stabilizes
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In November, the National Bank of Georgia increased its international currency reserves by $85.7 million following the "normalisation" of the foreign exchange market.
A spokesperson from the NBG stated that the bank would continue to replenish its reserves under similar conditions when the foreign exchange market provides the opportunity to do so.
Reportedly, the NBG shared this information to clarify any potential misinterpretations.
The annual net reserve sales are currently at $502.2 million, and the central bank is expected to release new data on its foreign exchange market operations on December 25.
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