Tbilisi (GBC) - The demand for GEL increased by 119 million in April. In February-March, a slight increase was noted, while in January, on the contrary, the GEL decreased by more than 300 million.

As of May 1, the volume of GEL in circulation is 6.4 billion (01.04.2025 – 6.3 billion; 01.05.2024 -5.7 billion).

In March, there was a decrease of several million. In February, according to the NBG's "Monthly Review" (the month reviewed is one month ahead of the month of publication of the document), the volume of reserve money decreased by 47.7 million GEL (0.7%), to 7 billion, and the monetary base decreased by 112 million GEL.

The NBG did not carry out transactions through foreign exchange auctions and the BMatch platform.

With internal government conversions, the regulator's net sales amounted to 148 million lari. As a result, foreign exchange reserves decreased. The NBG could not fully cover the February deficit in March, but managed to replenish it by 102 million lari. As investment bankers say, the NBG purchased even more on BMatch in April.

At the moment, according to the latest "Monthly Review", broad money (M3) decreased by 404.5 million lari in February. This was mainly due to a decrease in foreign currency deposits.