The National Bank of Georgia (NBG) said its foreign currency reserves were USD 1.25 billion for the first time, as of July 3.
The comparative figure for March was USD 1 billion.
The NBG credited the increase to “revenue received from the privatization of energy facilities and the purchase of foreign currency.”
This year the Czech company, Energo-Pro, purchased six hydro power plants and two electricity distribution companies for USD 132 million.
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