Georgia has noticeably strengthened its foreign currency positions: by the beginning of the year, the country\'s international reserves had reached $6.16 billion. Over the past 12 months, their volume increased by approximately $342 million, which corresponds to growth of nearly 6%. These figures were provided by the National Bank of Georgia in summing up the financial year.
The main driver of growth was the regulator\'s active policy in the foreign exchange market. Over the course of nine months, the National Bank consistently increased its reserves by purchasing foreign currency. The total volume of such operations exceeded $2 billion, which made it possible to significantly strengthen the stability of the financial system and reduce the economy\'s sensitivity to external risks.
Gold plays a significant role in the structure of reserves. More than 16% of all holdings are accounted for by the precious metal, whose value is estimated at about $1 billion. Against this backdrop, the authorities\' ambitions look especially bold: earlier, Economy Minister Vakhtang Tsintsadze stated that Georgia expects to become one of the world leaders in economic growth rates by 2030.