National Bank of Georgia Buys $100 Million in Physical Gold

According to Kitco News, the National Bank of Georgia purchased $100 million in physical gold on Wednesday, increasing the share of monetary gold in its international reserves to 15.5%. Following the acquisition, the central bank's total reserves reached a historical high of $7.0 billion, representing 114.8% of the International Monetary Fund's Assessing Reserve Adequacy metric. This is the NBG's first gold reserve increase since early 2024. The central bank stated that the purchases are part of its long-term reserve management strategy aimed at hedging against geopolitical and inflationary risks.
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