The National Bank of Georgia (NBG) reported a $324 million increase in its foreign exchange reserves during December, raising the total to $4.45 billion.

Acting President Natia Turnava emphasized the institution's commitment to reserve accumulation, stating, "The NBG maintains a consistent focus on building our reserves. We are committed to optimizing reserve management and diversification."

Turnava also underscored the strategic importance of the bank's monetary gold acquisitions earlier in the year. "Our investment in gold has proven particularly beneficial, as the appreciation in international gold prices has contributed an additional $100 million to our foreign currency reserves," she noted.

The Acting President further attributed the growth in reserves since November to the effectiveness of these strategies, expressing confidence in continued progress. "We expect this upward trajectory to persist, aligning with projected economic growth," she added.

The NBG announced that its next official update on foreign reserves will be released on February 7, 2025.