The National Bank of Georgia (NBG) made a statement in response to the European Parliament’s resolution, which calls for sanctions on Georgian officials and businessmen, including NBG Governor Natia Turnava.
The statement acknowledged that the resolution is simply advisory; however, NBG still condemned it as political pressure on the Georgian independent financial regulator. “It is regrettable that certain local political forces are using the European Parliament’s platform to further their own agendas, undermining economic stability,” the statement read.
The bank highlighted Georgia’s economic standing, including low inflation, stable growth, and international recognition of its monetary policies. It also acknowledges the institution’s contribution to the financial sector’s transparency and strict imposition of anti-money laundering measures.
“Any attempt to pressure an independent regulator or discredit the banking sector contradicts international standards,” the NBG stated.
