NBG Considering Additional Gold Reserve Purchases This Year

Mon May 18 2026

The National Bank of Georgia (NBG) is considering purchasing additional gold reserves in 2026, according to NBG President Natia Turnava. Speaking at the parliamentary Finance and Budget Committee, she noted that the bank’s gold purchase in the spring of 2024 proved highly profitable, prompting discussions about further expansion of the gold portfolio.

Turnava emphasized that diversifying the reserve portfolio was a correct and strategic decision, one that many other central banks - including several in Europe - also adopted. “We do not rule out purchasing additional gold. Reserve accumulation is underway, and given the strong foreign currency inflows, it is natural that we should proportionally increase the share of gold in our total reserves,” she said.

In spring 2024, the NBG purchased 7 tonnes of monetary gold for $500 million. Due to the significant rise in global gold prices since then, the market value of this gold has nearly doubled, currently standing at approximately $1.06 billion.

Source: https://bm.ge/