National Bank of Georgia continues to build up foreign exchange reserves

The National Bank of Georgia has increased its foreign exchange reserves to $2.265 billion compared with $ 2.110 billion a year earlier, Business Georgia reports.

The National Bank replenishes its foreign exchange reserves from IMF loans and partially from financial assistance given to Georgia to overcome the consequences of the war with Russia over South Ossetia in August 2008.

The foreign exchange reserves of the National Bank of Georgia are located in securities with low risk on deposits of foreign banks with high ratings, as well as the accounts of the IMF and are presented in two currencies - 70 % in US dollars and 30 percent in euros.