Irakli Kobakhidze: NBG achieved historic milestone with foreign exchange reserves reaching USD 103 million
“Strong economic growth has provided us with the opportunity to boost our foreign exchange reserves to an unprecedented level. This year, the National Bank of Georgia acquired $103 million in foreign exchange reserves,” stated Georgia’s Prime Minister, Irakli Kobakhidze, during a government session.
According to the Prime Minister, the total foreign exchange reserves now stand at USD 5.808 billion.
“Once again, I would like to express my gratitude to the National Bank and its President for their effective efforts. Thanks to our economic growth and the replenishment of reserves, Fitch has upgraded Georgia’s sovereign rating outlook from negative to stable, which will positively influence the country’s economic development in the future,” added the Prime Minister.