National Bank of Georgia

New 10 GEL banknotes released in Georgia

New 10 lari banknotes were into circulation today across Georgia, the National Bank of Georgia reported. On the front of the new banknote there is a portrait of prominent Georgian writer and public figure, Akaki Tsereteli, with a …

Read
Georgian National Bank increases refinancing rate again

The National Bank of Georgia has increased the refinancing rate by 0.5 percentage points to 7.5% - for the second time this September. The regulator explains that the reasons behind such decision are inflation expectations as a result …

Read
Georgia lost 10% of tourist income in August

The National Bank of Georgia reported that the country's tourist income in August this year amounted to $ 396.1 mln or 10.6% less than a year before. According to the regulator’s report, in August 2018, Georgia’s tourism …

Read
Georgia's National Bank increases refinancing rate

The National Bank of Georgia has increased the refinancing rate by 0.5 percentage points to 7%. The depreciation of the exchange rate has boosted inflationary expectations, the NBG says, therefore the refinancing rate has been …

Read
Georgia to release new 10 GEL bills on October 1

The National Bank of Georgia will release new 10 GEL bills starting October 1, President of the National Bank of Georgia Koba Gvenetadze said today at the presentation of the new banknotes. Bacha Malazonia is the …

Read
IMF to offer $40 million to Georgia

Georgia will get about $40 million from the International Monetary Fund (IMF) after the fourth review of the Extended Fund Facility (EFF) programme is finalised. After the fourth review the amount of money allocated for Georgia will …

Read
$ 94.6 million transferred to Georgia from Russia

For the period from January to March 2019, the volume of remittances to Georgian commercial banks by means of electronic systems exceeded $ 379.5 million, which is 6.5% more than a year earlier. Most transfers were made from Russia, but …

Read
Two bank robbers detained in Tbilisi

Georgia's Ministry of Internal Affairs has detained two individuals, both with previous crime records, for burglary, illegal purchase, possession and the use of firearms, illegal deprivation of liberty and attacking policemen during an …

Read
 National Bank of Georgia purchases $15 mln

The National Bank of Georgia (NBG) has purchased $15 million at foreign exchange auction to control the national currency’s changing value against the dollar. The weighted average exchange rate was 2.6497 GEL for every …

Read
National Bank of Georgia explains why it purchased $10 mln

The National Bank of Georgia (NBG) announced several weeks ago that they had purchased $1 million on the Foreign Exchange Auction, noting that the weighted average exchange rate was 2.7220 per dollar. This was the ninth foreign currency …

Read
Georgia trying to contain banks

An unexpected ally of the government in this process was the main opponent of the current authorities, former President Mikhail Saakashvili

Read
 Bank of Georgia issues Tourist Card

The Bank of Georgia has issued a Tourist Card/a multi-purpose Visa card to provide comfort to tourists while travelling in Georgia. Tourists as well as Georgian citizens will be able to use the Tourist Card in public transport such as …

Read
Refinancing rate increased in Georgia

The National Bank of Georgia (NBG) has decided to increase its refinancing rate in response to expectations of increased inflation. The Monetary Policy Committee (MPC) of the bank increased the refinancing rate by 25 basis points to …

Read

Populars