The National Bank of Georgia (NBG) announced that it had increased the country’s international currency reserves by $124.5 million in November, bringing the total reserves to $4.1 billion by the end of the month.

The $124.5 million increase was achieved through interventions on Bloomberg’s BMatch trading platform. The following outlines the figures for the year:

• January: Net acquisition of $8.1 million
• February: Net acquisition of $77.5 million
• March: Net acquisition of $127.9 million
• April: Net acquisition of $73.1 million
• May: Sales totaling $108.7 million via foreign exchange auctions; BMatch net sales of $9.1 million
• June: Sale of $60 million via foreign exchange auction; BMatch net sales of $42 million
• July: Net purchases of $1.9 million
• August: Net acquisition of $41 million
• September: Net sales of $106.5 million
• October: Sale of $213.4 million via currency auction; BMatch net sales of $377.7 million
• November: Net purchase of $124.5 million

International currency reserves play a crucial role in ensuring the macroeconomic stability of the country. The NBG continues to prioritize the replenishment of these reserves, in line with its policy, which states that when market conditions allow, the central bank will work to increase the nation’s international reserves.