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Caucasus nation of Georgia purchases $100 million in gold to boost its reserves
From Business Media, Tbilisi, Georgia
Wednesday, June 10, 2026
Following a decision by the board of the National Bank of Georgia, the central bank has acquired an additional US$100 million worth of highest-purity (999.9) LBMA-standard gold bullion for its international reserves.
As a result of this latest purchase, the share of monetary gold within the National Bank of Georgia's international reserves will reach 15.5%. This reflects a broader upward trend in the country's international reserves, which have reached a historic high of US$7 billion, equivalent to 114.8% of the International Monetary Fund's Assessing Reserve Adequacy metric.
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According to the National Bank of Georgia, the decision is part of the bank's long-term international reserve management strategy, aimed at further diversifying its reserve assets, enhancing stability, and safeguarding the reserves against inflationary risks. Monetary gold is a widely recognised reserve asset among global central banks, serving to reduce overall portfolio risk and enhance resilience against geopolitical shocks.
... For the remainder of the report:
https://bm.ge/en/news/nbg-purchased-additional-usd-100-mln-worth-of-monetary-gold
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