Bank of Georgia Financial Overview
FX Reserves and Inflation
FX reserves, $ mln
2,500
2,000
2003-2009
CAGR 48.6%
Fx reserves
FX/M2
1.3
1.8
1.7
1.5
1.6
1.4
1.1
1.0
1.2
1,500
US$ 2,20 bn
1.0
0.8
0.8
US$ 2.11 bn
0.8
1,000
0.8
US$0.93 bn
US$1.48 bn
US$0.49 bn
US$ 1.36 bn
500
US$0.38 bn
US$0.19 bn
0.6
0.4
0.2
0.0
2003
2004
2005
2006
2007
2008
2009
Sep-10
NBG interventions
Inflation
NBG Interventions
Average Lari/US$
140
16
600
2.5
115.7
109.2 107.2 14
432.4
120
106.0
101.6
105.9
105.2
12
400
100
9.4%
2.0
7.9%
10 79
9.8%
10
10.40
5.8%
8
200
80
9.6%
9.3%
10.1%
4.4%
3.7%
156.7
124.0
197.0
6
0
(42.9)
(51.0) 1.5
60
60
5.2%
2004
2005
2006
2007
2008
2009
Mar '10 Jun-10
Sep-10
40
(200)
(182.7)
1.0
10
2.2%
2.8%
0
20
(400)
(341.2)
0
0.5
(600)
(660.8)
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Mar-10
Jun-10
Sep-10
(800)
0.0
Loka
Source: National Bank of Georgia, Ministry of Finance of Georgia
BANK OF GEORGIA
www.bog.ge/ir
Real effective rate, Jan05-100 (LHS)
CPI (e-o-p)
CPI (average)
November 2010
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