International investment position of Georgia is negative
07 October, 2010
International investment position of Georgia is negative

Net international investment position (IIP) of Georgia is negative, National Bank of Georgia (NBG) informed on October 1, 2010.
By the end of the second quarter of 2010 IIP amounted to USD 11.4 billion USD that is 5.5 percentage points increase as compared to the same period of previous year and 1.7 percent growth in comparison with preceding quarter. Total assets amounted to USD 3 billion of which 61.7% consists of reserve assets. Reserve assets increased by 22.9% as compared

to the second quarter of 2009 and made up USD 2.2 billion by the end of the reporting quarter. Special Drawing Rights (SDR) account has increased considerably.


As for liabilities, for the same period, total liabilities exceeded USD 14.4 billion.  Liabilities to direct investors increased by 6.4% and amounted to USD 7.5 billion. Portfolio investment liabilities amounted to USD 870.1 million of which USD 500 million is government Eurobonds incurred in second quarter of 2008.


By the end of the second quarter of 2010, as compared to the same period of preceding year, monetary authorities’ loans increased by 1.2% through International Monetary Fund (IMF) credits and amounted to USD 639.6 million. External liabilities of public sector grew up by 31.5%. As opposite, banking sector loans decreased by 15.9 percentage points, of which long term liabilities declined by 9.3% and short-term liabilities declined by 56.3%. Cash and deposits liabilities increased by 35.5 percentage points compared to the same period of previous year.


For the end of the second quarter of 2010, the other long term liabilities of the National Bank of Georgia have reached 213.0 million of USD which is the allocation of Special Drawing Rights (SDR).
International Investment Position statistics is harmoniesed with balance of payments statistics and covers monetary authority, government, banking and other sectors. International investment position statistics is published since 2007 annually (data covered since 2006). Starting from 2009 international investment position statistics is published quarterly.

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Exchange Rates
GEL Exchange Rate
Convertor
17.09.2018
18.09.2018
USD
1
USD
2.6128
2.6156
EUR
1
EUR
3.0578
3.0498
GBP
1
GBP
3.4296
3.4259
RUB
100
RUB
3.8669
3.8379
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GEL Exchange
USD
1
USD
2.6156
EUR
1
EUR
3.0498
GBP
1
GBP
3.4259
RUB
100
RUB
3.8379
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