Gross international reserves stood at US$ 2.48bn end-June 2015

International reserves of Georgia increased for the first time in 2015. Gross international reserves stood at US$ 2.48bn (+3.8% m/m) and net foreign assets of NBG at US$ 2.25bn (+3.9% m/m) as of end-June 2015, according to NBG. The central bank has not intervened in the FX market since April 28, 2015. The increase in FX reserves was likely due to government FX operations and/or asset revaluation.