NBG acquired $124.5M via Bloomberg’s BMatch in November

The National Bank of Georgia (NBG) refreshed its international currency reserves in November through Bloomberg’s BMatch trading platform, reaching USD 4.1 billion.

Notable reserve changes in 2023:

• January–April: Net purchases amounting to $286.6M.
• May: $117.8M in net sales via auctions and BMatch.
• June: $102M in sales.
• July–August: Net purchases of $42.9M.
• September–October: Net sales of $697.6M.
• November: $124.5M in net purchases.

The NBG pointed out the significance of international reserves for macroeconomic stability.