Tbilisi (GBC) - "A high level of international reserves is a guarantee of the country's macroeconomic stability. This is the country's protection against external shocks, especially in the case of a small, open economy. A high level of reserves ensures high investor confidence and generally stable development of the country," said Ekaterine Mikabadze, First Vice President of the National Bank, while assessing the record level of international currency reserves.

As of August, Georgia's total international reserves reached a new record level of $8.14 billion, which is $613 million more than in the previous month, and the annual growth is 56.4%. Reserve adequacy indicators have improved significantly - in particular, foreign exchange reserves currently exceed the 100% threshold defined by the International Monetary Fund methodology and remain at 128.2%.

According to Ekaterine Mikabadze, during the first seven months of 2026, the National Bank purchased more than $2.5 billion in foreign exchange on the foreign exchange market.

"It is very important that the long-term policy of the NBG is aimed at accumulating reserves and effectively managing reserve assets. Therefore, when the macroeconomic situation and the foreign exchange market allow it, the NBG actively accumulates reserves," Mikabadze noted.

The First Vice President of the NBG emphasized the strategic decision of the NBG and the diversification of international reserves into gold.

"The NBG's strategic decision to diversify its reserves into gold is quite positive. As a result of the significant increase in the price of gold, the value of monetary gold in the reserves has practically doubled and, as of August, amounts to 1 billion 149 million US dollars. Meanwhile, the share of gold in total international reserves is 14.1%," said the Vice President of the National Bank.