Int'l reserves of National Bank of Georgia down in September

The international reserves of the National Bank of Georgia as of September 30, 2023, amounted to over $5.273 billion, Report informs via Sputnik-Georgia.

In September, the reserves decreased by $163.6 million, and since the beginning of the year, they dwindled by $371.7 million. According to analysts, the change in the volume of reserves is associated with foreign exchange transactions of the government and the banking sector, as well as with the sale of currency by the National Bank of Georgia.

The international reserves of the National Bank of Georgia reached their historical maximum on August 31, 2023, and amounted to almost $5.437 million.

The reserves increased $628.1 million in 2022 and $361.3 million in 2021.