Georgia Capital Investor Day

400 350 Georgian lari remains stable compared to other regional currencies Sound monetary policy ensures exchange rate stability Bilateral ex rates, indices, Dec-2013 = 100 300 250 200 150 100 50 0 Dec-13 May-14 Oct-14 NBG monthly net interventions US$ mln 400 300 200 100 100 0 -100 -200 -300 GEORGIA CAPITAL 388.6 287 2 USD/RUB USD/GEL USD/TRY USD/EUR Mar-15 Aug-15 Jan-16 Jun-16 Nov-16 Apr-17 Sep-17 -130 -165 -198 2014 2015 2016 2017 -362.5 2018 1H2019 Feb-18 Jul-18 Dec-18 May-19 Official reserve assets, US$ mln US$ mln Official reserve assets at record high US$ 3.7bln 3800 3600 3400 3200 3000 2800 2600 2400 2200 US$ purchase US$ sales Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct- Jan-1 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Data sources: NBG, Bloomberg 13 293 197 160 122

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