Georgia's international reserves increase 5.4% in H1

TBILISI. July 8 (Interfax) - Georgia's international reserves amounted to $4.689 billion at the end of June 2025, compared to $4.449 billion on December 31, 2024, the National Bank of Georgia (NBG) said in a report.

The indicator thus grew 5.4% in the first half. It grew 8.8% in the second quarter, including 2.3% in June, after falling 3.1% in the first quarter.

Foreign currency assets amounted to $3.46 billion at the end of June, increasing 1.2% since the beginning of the year. They grew 10.5% in Q2, including 2.8% in June, after falling 7.7% in Q1.

Monetary gold made up $754.4 million of total international reserves at the reporting date, and increased 5.5% in Q2 after growing 19.4% in Q1.

Special Drawing Rights (SDR) of the International Monetary Fund at the end of June amounted to $478.2 million, up 5.4% over the first half.

The NBG management said in March that it had resumed purchases of foreign currency on the domestic market after more than six months of exclusively selling as instability in internal politics caused a rise in demand. Georgian authorities estimate that the NBG has bought $700-800 million of foreign currency this year.

Galt & Taggart, the largest investment bank in Georgia, forecasts that the global weakening of the U.S. dollar will cause Georgia's international reserves to grow 10% to $4.9 billion in 2025.

Georgia's international reserves fell 11.2% or by $562.1 million in 2024, after rising 4% in 2023 to $5 billion. The country's reserves peaked on July 31, 2023 at $5.44 billion.