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National Bank Says It Purchased $86.6 Million in Foreign Currency in January

The National Bank of Georgia (NBG) said it purchased USD 86.6 million on the Bmatch trading platform in January, bringing the country’s international reserves to USD 6.3 billion.

The move continues a steady increase of reserves over the past year, with the central bank reporting similar purchases almost every month.

The NBG reiterated that “international foreign exchange reserves are an important guarantee of a country’s macroeconomic stability” and that it increases reserves “when market conditions allow.”

Updated data are expected to be released on March 25.

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The post National Bank Says It Purchased $86.6 Million in Foreign Currency in January first appeared on The South Caucasus News – SouthCaucasusNews.com.

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Tension between the United States and Iran is ‘a crisis of Trump’s own making’

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Why Khojaly still haunts conscience of divided world

Writing about the Khojaly tragedy means more than remembering a historical event; it is about giving voice to a wound that still lingers in the nation’s collective memory.

The post Why Khojaly still haunts conscience of divided world first appeared on The South Caucasus News – SouthCaucasusNews.com.

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Trump talks affordability amid public distrust in his handling of the economy

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