NBG to invest half of its international reserves

GEORGIA - In the near future the National Bank of Georgia projects to invest some 50% of the country's international currency reserves in financial instruments /such as treasury obligations/ in two foreign banks, head of the NBG department for currency reserves David Galegashvili said.

Since August this year, pursuant to the enactment of NBG Council, 70% of the country's currency basket ( $127 million equivalent) is represented in US dollars, 30% - in euro. The sums are placed in the leading b