11 November 2026,   22:57
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Parliament adopted draft resolution on the Main Directions of Monetary and Foreign Exchange Policy for 2027–2029

At the plenary session of Parliament, President of the National Bank of Georgia Natia Turnava presented a report on the “Main Directions of Monetary and Foreign Exchange Policy for 2027–2029”.

According to the report, the National Bank's net purchases of foreign currency amounted to USD 2.4 billion in 2025, while in the first nine months of 2026, this figure reached USD 3.37 billion. As a result, as of October 2026, Georgia's international reserves had reached a historic high of USD 8.25 billion. During the same period, the International Monetary Fund's Assessing Reserve Adequacy (ARA) metric stood at 130%.

She stated that international reserves are an important guarantee of the country's macroeconomic stability and resilience to external shocks. Accordingly, the National Bank continues to pursue a consistent policy of replenishing its reserves and managing them efficiently.

According to Natia Turnava, the currency composition of reserve assets has also become more diversified. In particular, the British pound was added to international reserves, while holdings of Chinese yuan and euro-denominated assets increased.

She further explained that increasing the share of monetary gold and other currencies serves to diversify reserves, protect them against global inflationary risks and preserve their purchasing power: “The National Bank believes that monetary and foreign exchange policy ensures price stability over the medium term. Accordingly, it will increase the resilience of the Georgian economy to potential shocks and contribute to stable, long-term economic growth”.

Parliament adopted the draft resolution on the “Main Directions of Monetary and Foreign Exchange Policy for 2027–2029” with 76 votes in favour.

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