Kobakhidze: Georgia Sets Record in Foreign Exchange Reserves

Georgian Prime Minister Irakli Kobakhidze announced today, ahead of a government meeting, that Georgia has reached its highest-ever foreign exchange reserve level, totaling USD 5.808 billion, The Caspian Post reports citing Georgia Today.

He attributed the achievement to the country’s sustained high economic growth, stating that the improved macroeconomic environment has strengthened national financial buffers. As Kobakhidze stated, the National Bank of Georgia (NBG) purchased USD 103 million in foreign currency this year to enhance reserves, which he described as a historic record for the central bank’s reserve accumulation.

The Prime Minister publicly thanked NBG President Natia Turnava for what he called the bank’s effective and transparent performance during the period.

At the same time, the improved economic conditions have contributed to a shift in global market confidence. Kobakhidze noted that Fitch Ratings recently upgraded Georgia’s sovereign rating outlook from negative to stable, a revision he said is expected to further support the country’s long-term economic development.

He reiterated that both the current reserve level and the pace of accumulation represent national records, connecting them to broader progress across the financial and economic policy landscape.