BANKEBI DA FINANSEBI: “KOBA GVENETADZE: THERE IS NO NEED FOR CURRENCY INTERVENTIONS AT THIS STAGE, WE WILL CONTINUE WHEN THE NEED ARISES”

“We sold $916 million last year, and we have sold about $260 million this year”, declared Koba Gvenetadze, president of National Bank of Georgia (NBG). “We will continue interventions when the need arises”, he said, although added that “there is no need at the moment”.