NBG to invest half of its international reserves

GEORGIA - In the near future the National Bank of Georgia projects to invest some 50% of the country's international currency reserves in financial instruments /such as treasury obligations/ in two foreign banks, head of the NBG department for currency reserves David Galegashvili said.

Since August this year, pursuant to the enactment of NBG Council, 70% of the country's currency basket ( $127 million equivalent) is represented in US dollars, 30% - in euro. The sums are placed in the leading

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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