NBG: Georgia’s gross international reserves hit historic high of USD 8.14 billion as of August 2026

As of August 2026, Georgia’s total international reserves increased by 56.4 per cent year-on-year, reaching an all-time high of USD 8.14 billion, according to data released by the National Bank of Georgia (NBG).

The central bank reported a USD 613 million month-on-month surge in international reserves, accompanied by improvements across reserve adequacy metrics.

“The current level of foreign exchange reserves surpasses the 100 per cent threshold defined by the International Monetary Fund’s ARA metric, standing at 128.2 per cent.

International reserves serve as a vital guarantor of the country’s macroeconomic stability. Accordingly, the long-term policy of the National Bank of Georgia remains focused on reserve accumulation and the efficient management of reserve assets. Whenever foreign exchange market dynamics and macroeconomic conditions permit, the central bank replenishes its reserves.

As a result of the NBG’s policy, reserve volumes have doubled over the past two years compared to October 2024. Throughout 2026, favourable market conditions enabled net foreign currency purchases totalling USD 2,566.6 million between January and July. Net purchase statistics for August 2026 will be published on 25 September.

Notably, in 2024, the NBG took a strategic decision to diversify its reserve holdings by making its inaugural investment in gold. Subsequent appreciation in gold prices has contributed to further growth in gross international reserves. In June 2026, the NBG acquired an additional USD 100 million in monetary gold. Driven by market price movements, the total value of monetary gold reserves grew by USD 135 million month-on-month to reach USD 1,149.2 million as of August 2026, accounting for 14.1 per cent of gross international reserves.

The National Bank of Georgia will release updated international reserve figures on 7 October 2026,” the National Bank’s statement read.