Top 3 highlights from Georgia’s monthly economic review:
1. GEL appreciation
GEL strengthened 0.6% m/m in July, supported by FX inflows; NBG purchased US$ 879.5mn (Mar–Jun) to build reserves.
2. Stable policy rate
NBG kept the rate at 8.0% amid strong growth and moderate inflation.
3. Tourism growth
1H25 revenues hit US$ 2.0bn (+3.8% y/y); full-year forecast at US$ 4.5bn.
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