Foreign exchange reserves of Georgia fell short of the adequacy mark (Fitch) - the legality, validity and timeliness of SEB's actions

In October 2024, Georgia's foreign exchange reserves decreased by a record amount of 627 million dollars to 4.08 billion dollars. The reason for the decrease in this scale is considered to be the 4 currency interventions carried out by the National Bank in the pre-election period, selling a total of 213 million dollars. International rating agency Fitch rated Georgia...