Georgia’s official international reserves reached $5.0 billion in July 2025, marking a 7.5% year-over-year increase, according to a study published by Galt & Taggart.

The reserves also saw a significant monthly rise of 7.1%—an increase of $331.3 million compared to June.

Galt & Taggart attributes the growth to foreign exchange operations by the government and/or the banking sector. The report also notes that the National Bank of Georgia (NBG) may have contributed through foreign currency purchases on the BMatch platform, though confirmation of this is expected by August 25.

As of July 2025, monetary gold made up 15.1% of the total international reserves, highlighting its continued role in the country’s reserve composition.