Georgia’s total international reserves hit a historic maximum at USD 8.17 billion - NBG
As of September 2026, Georgia’s total international reserves increased by 50.5 per cent year-on-year, reaching an all-time high of USD 8.17 billion, according to data released by the National Bank of Georgia (NBG).
According to the NBG, compared to the previous month, the level of international reserves increased by USD 26.5 million. Reserve adequacy indicators also improved. The current level of foreign exchange reserves surpasses the 100 per cent threshold defined by the International Monetary Fund’s ARA metric, standing at 128.7 per cent.
“International reserves serve as a vital guarantor of the country’s macroeconomic stability. Accordingly, the long-term policy of the National Bank of Georgia remains focused on reserve accumulation and the efficient management of reserve assets. Whenever foreign exchange market dynamics and macroeconomic conditions permit, the central bank replenishes its reserves.
As a result of the NBG’s policy, reserve volumes have doubled over the past two years compared to October 2024. Throughout 2026, favourable market conditions enabled net foreign currency purchases totalling USD 3,122,2 million between January and August. Net purchase statistics for September 2026 will be published on October 26.
Notably, in 2024, the NBG took a strategic decision to diversify its reserve holdings by making its inaugural investment in gold. Subsequent appreciation in gold prices has contributed to further growth in gross international reserves. In June 2026, the NBG acquired an additional USD 100 million in monetary gold.
Since then, the significant rise in the price of gold has contributed to the growth of international reserves. As of September, the volume of monetary gold stands at USD 1,051.8 million, representing 12.9% of total reserves.
The National Bank of Georgia will release updated international reserve figures on November 6, 2026,” the National Bank’s statement read.
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According to Abashidze, the World Bank will finance the project.
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Abashidze also elaborated on Georgian Railway’s rolling stock renewal.
“We have already begun renewing the rolling stock at Georgian Railway. This covers both freight wagons and passenger trains,” he said.
The Director General noted that 200 new freight wagons have already been purchased, around 60 of which have arrived in Georgia, with all 200 due to arrive by the end of the year.
“It is important to note that we made this purchase directly from the manufacturer, without the involvement of any intermediary companies, so to speak. In general, I believe it is right that Georgian Railway should carry out such important projects and buy directly from the manufacturing plants,” the head of Georgian Railway said.
On passenger transport, Abashidze stated that Georgian Railway is expected to add ten new trains to its fleet shortly. In addition, five passenger trains are already undergoing major overhaul and modernisation. As a result, he said, Georgian Railway will operate its passenger services entirely with new, modern trains.
“Recently, we have carried out quite significant optimisation at the railway, both in operations and in procurement. That is precisely what has enabled us to launch and fund these projects. These savings will go entirely to Georgian Railway and to the projects we have already started,” the Director General of Georgian Railway said.
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