National Bank of Georgia upgrades FX infrastructure
Move follows other financial market infrastructure reforms in recent years
The National Bank of Georgia has adopted a new foreign exchange platform, marking another step in its efforts to upgrade the country’s financial market infrastructure.
The central bank announced that from October 1, banks will be required to conduct all FX transactions from the Bloomberg BMatch trading platform. After a successful testing phase with roughly 20 firms in March, the central bank says it is now ready to expand access to the whole Georgian financial system.
It has also adopted the
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