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Daily News


January 13, 2020

IN THIS ISSUE:

1. AS OF DECEMBER, 2019, NATIONAL CURRENCY SUPPLY INCREASED BY 16% Y-O-Y
2. IN Q4 OF 2019, REFINANCING CREDITS INCREASED BY 67.7% Q-O-Q AND 91% Y-O-Y
3. IN Q4 OF 2019, DEMAND FOR DEPOSIT CERTIFICATES 2.5 TIMES EXCEEDED EMISSION
4. IN Q4 OF 2019, EMISSION OF TREASURY SECURITIES INCREASED 2.1 TIMES Y-O-Y
5. IN 2019, NBG BOUGHT TOTAL $165M, WHILE SOLD $92.8M
6. AS OF DECEMBER 31, 2019, INTERNATIONAL RESERVES OF NBG INCREASED BY 6.6% Y-O-Y
7. RULE OF BROKER COMPANIES’ LICENSING AND REGULATION AMENDED

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1. AS OF DECEMBER, 2019, NATIONAL CURRENCY SUPPLY INCREASED BY 16% Y-O-Y
Economics

National Bank of Georgia reported that national currency supply amounted as of December 31, 2019, to 4.14 billion lari.

If compared with the same period of 2018, the volume has increased by 16% (by 571.52 million lari).

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2. IN Q4 OF 2019, REFINANCING CREDITS INCREASED BY 67.7% Q-O-Q AND 91% Y-O-Y
Economics

National Bank of Georgia reported that in the 4th quarter of 2019, 13 refinancing credits (7-day) were issued, totaling to 33.8 billion lari.

If compared with the 3rd quarter of 2019 (20.16 billion lari), the volume has increased by 67.7%.

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3. IN Q4 OF 2019, DEMAND FOR DEPOSIT CERTIFICATES 2.5 TIMES EXCEEDED EMISSION
Economics

National Bank of Georgia reported that demand for deposit certificates (3-month discount security) in the 4th quarter of 2019 exceeded the emission 2.5 times.

In particular, total demand for the reporting period made up 203 million lari, while total emission (placed through 4 auctions) – 80 million lari.

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4. IN Q4 OF 2019, EMISSION OF TREASURY SECURITIES INCREASED 2.1 TIMES Y-O-Y
Economics

Georgian Finance Ministry reported that emission of treasury bills and treasury bonds for the 4th quarter of 2019 totaled to 870 million lari. If compared with the same period of 2018, the volume has increased 2.1 times, while if compared with the previous quarter (the 3rd quarter of 2019), the volume has increased 1.6 times.

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5. IN 2019, NBG BOUGHT TOTAL $165M, WHILE SOLD $92.8M
Economics

National Bank of Georgia (NBG) reported that in 2019, it has purchased at the currency auctions $165 million in total, while sold $92.8 million in total.

It should be noted that NBG purchased currency in January-June, while sold – in August, September and November (3 times overall).

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6. AS OF DECEMBER 31, 2019, INTERNATIONAL RESERVES OF NBG INCREASED BY 6.6% Y-O-Y
Economics

National Bank of Georgia (NBG) reported that its official reserve assets amounted as of December 31, 2019, to $3.5 billion.

If compared with the same period of 2018, the volume has increased by 6.6%, while if compared with the previous quarter (the 3rd quarter of 2019), the volume has decreased by 2.7%.

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7. RULE OF BROKER COMPANIES’ LICENSING AND REGULATION AMENDED
Economics

National Bank of Georgia (NBG) reported about amendment of rule of licensing and regulation of broker companies. The amendments concern mainly requirements for the companies’ equity capital.

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Exchange Rates (NBG)
  01/21/20 + / -
  USD   2.8877   0.0107
  EUR   3.2077   0.0185
  RUR   4.6777   0.0040
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Dear readers,

We wish you a Happy New Year! Let it be peaceful, prosperous and full of joy for you and your beloved!

We are leaving for holidays and will resume our updates on January 8.

Sincerely,

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