I would like to remind you that the National

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The National Bank of Georgia has been actively purchasing gold since June 2024, but it has not included it in its foreign exchange reserves and has kept it separately as "other assets". Until May 2024, the NBG had only $1.5 million worth of gold in this category, and in July this amount reached $47 million. According to statistics, the National Bank sold this gold in November, as a result of which only $3.


7 million worth of gold remained in its reserves, which is a decrease of $43 million in one month. The weight of this gold at current prices is approximately 511 kilograms. BMG asked the National Bank of Georgia ireland fax data how this gold was purchased and whether it was sold on the local market in the form of gold certificates. The National Bank responded to these questions by saying that the gold was sold in the form of certificates and bars.


Bank of Georgia has two types of gold: monetary gold, which is an international reserve asset, and investment gold, in the form of gold certificates and investment bars. In recent years, amid high inflation and heightened geopolitical risks in many countries around the world, demand for gold has increased significantly globally. Investing in gold is one of the best investment vehicles and the demand is always there.