TBILISI, January 6 – Georgia’s foreign currency reserves jumped sharply in December, hitting a record level as the central bank continued large-scale purchases on the market. According to data released on Tuesday by the National Bank of Georgia, the country’s international reserves increased by USD 342.6 million compared to the previous month, reaching about USD … Read more
TBILISI, November 6 – Georgia’s central bank is facing growing criticism from economists after admitting it can no longer keep inflation under control and raising its forecast for next year. The National Bank of Georgia (NBG) said Thursday it now expects prices to rise faster than previously projected, while keeping its key refinancing rate unchanged … Read more
TBILISI, September 25 – Georgia is preparing a major expansion of its deposit insurance system, lifting the guaranteed payout ceiling from 30,000 to 50,000 lari (about USD 18,000) starting April 1, 2026. The Deposit Insurance Agency announced the move this week, marking the third increase since the scheme was launched in 2018. When the system … Read more
TBILISI, September 23 – Georgia’s parliament is moving to limit the National Bank’s authority over state reserves while giving it stronger powers to regulate cryptocurrency service providers. Supporters of the measure say the tighter rules will bring Georgia’s fast-growing crypto sector under stronger oversight. A draft bill prepared by Finance and Budget Committee chair Paata … Read more
TBILISI, DFWatch–Georgia is seeing a slowdown in mortgage lending, driven by high interest rates and broader economic uncertainty. According to the National Bank of Georgia, commercial banks issued 24,000 new mortgage loans in the first half of 2025, down 13% compared to the same period last year. Despite the decline in the number of loans, … Read more
TBILISI, DFWatch–Georgia’s economy is beginning to feel the effects of growing global instability, as analysts warn of a potential inflation risk and call for caution in the monetary policy. The National Bank decided at its June 18 meeting to keep its key refinancing rate unchanged at 8%, citing economic uncertainty. Bank officials aim to maintain … Read more
TBILISI, DFWatch–The confrontation between Georgia’s biggest private financial institution and the government grew worse on Thursday as the National Bank sanctioned two of the key persons in TBC Bank. The National Bank of Georgia issued a statement on Thursday which orders to suspend the signature rights of Mamuka Khazaradze and Badri Japaridze, Chairman and Deputy … Read more
TBILISI, DFWatch–Georgia’s president has appointed a new head of the National Bank (NBG).
The appointment was signed by President Giorgi Margvelashvili on Thursday.
Outgoing NBG head Giorgi Kadagidze will be replaced Koba Gvenetadze, a former politician
TBILISI, DFWatch–The National Bank of Georgia has issued a new anniversary coin in connection with the national currency’s 20 years of existence.
The nominal value of the new collector’s item is 20 laris, and it was manufactured by Mennica Polska in Poland.
TBILISI, DFWatch–The National Bank of Georgia is increasing the refinancing rate because of an expected increase in inflation, which means that loans for a certain category of clients will get more expensive.
The explanation given for the National