Prime Minister Irakli Kobakhidze announced that Georgia has achieved a record buildup of foreign exchange reserves, with the National Bank of Georgia (NBG) accumulating USD 1.5 billion between January and August 2025.
Kobakhidze praised NBG President Natia Turnava for overseeing the achievement, stressing the broader importance of the central bank’s policies. “The stability of the GEL exchange rate is very important. In December and January, negative forecasts circulated, with so-called experts predicting the rate would exceed 3.10 GEL per dollar. Reality proved otherwise. Since January, the GEL has strengthened by 15 tetri against the dollar,” the prime minister said.
He described the central bank’s smooth operation as “key to sustainable economic development,” stating that the January–August reserve accumulation represents a serious achievement in Georgia’s financial history.
The official data shows that the NBG purchased USD 199.6 million on the Bmatch platform in August alone, bringing total interventions for the first eight months of the year to USD 1.496 billion.
