International reserves of Georgian National Bank soar to record high

As of September 30, the international reserves of the National Bank of Georgia reached a historical maximum - $4,313.1 mln, the policymaker reports.

The previous record was set in late 2021 - $4,272.1 mln.

The National Bank clarified that over the past month, Georgia's international reserves increased by $52.4 mln. According to analysts,  this is due to the revaluation of assets due to currency fluctuations and the purchase of foreign currency as part of the budget rule.

Since the beginning of 2022, reserves have grown by $40.6 mln,  last year - by $361.3 million.

The main part of the reserves of the National Bank of Georgia are international reserves converted into foreign currency, they amount to $3.9 mln.