TBILISI(BPI)- Georgia’s reserve assets declined and amounted to $ 3.602 billion as of October 1, 2019.
According to the National Bank of Georgia (NBG), foreign currency reserves declined by $ 94 million in September. (01.09.2019 – 3,696 billion).
A significant growth is observed in the annual rate . In October 1, 2018 reserves amounted to $ 3.152 billion which is $ 450 million less than the current figures. Foreign exchange reserves increased by $ 456 million from $ 2,950 billion to $ 3,406 billion.
Due to the inflationary pressure caused by the lari’s collapse , the central bank has twice provided $ 40 million for auctions, of which $ 32 million was sold at the first auction and $ 40 million at the second.