Stable Growth in Georgia’s International Reserves

In May 2025, Georgia’s international reserves reached USD 4.7 billion — a 2.3% increase compared to the same period last year and USD 103.3 million higher than the previous month. This rise is more than just a statistical figure; it is a significant signal both to international financial markets and to the country’s internal macroeconomic stability.

The main drivers of this growth lie in several parallel factors — active foreign currency operations by both the government and the banking sector, whose effects are directly reflected in the balance sheet of the National Bank of Georgia (NBG). The NBG’s foreign exchange interventions have also remained active in the market. While full details will be available at the end of July, it is already clear that these operations have contributed to a positive trend in the foreign exchange market.

Particularly noteworthy is the increase in the share of monetary gold — in June it accounted for 16.1% of reserves, underscoring the NBG’s diversification policy and reflecting a global strategy to mitigate risks.

From a global perspective, the growth of international reserves is viewed positively: under such conditions, Georgia maintains currency stability, can effectively respond to external shocks and trade deficit challenges, strengthens investor confidence, and reduces the potential impact of volatility in financial markets.

In the long term, this growth is not merely about preserving the status quo; it reflects institutional strength, the resilience of the banking sector, and the results of the government’s economic policy.

Such a growth rate is especially important against the backdrop of regional turbulence, where uncertainty in international markets is increasing and changes in global monetary policy influence investment climates. In this context, Georgia’s example demonstrates the resilience of its financial system and its ability to respond positively to both domestic and external economic challenges.