Tbilisi (GBC) - Demand for GEL increased by 230 million in June. As of July 1, the volume of GEL in circulation exceeded 6.7 billion (01.06.2025 – 6.5 billion; 01.06.2024 -6.1 billion).

According to the NBG’s “Monthly Review”, demand for cash increased by 103.2 million GEL in May. A large part of the refinancing loan was returned. The balance in May decreased by 1.04 billion GEL. The balance of overnight loans was 750 million at the end of May. In June, 715 million were reduced.

In May, the volume of reserve money increased by 448 million GEL (+6.1% m.m.), to 7.8 billion GEL. The monetary base, according to the average indicator, increased by 140 million GEL.

The National Bank of Georgia did not apply for a foreign exchange auction in the reporting month. It purchased 245.4 million USD on Bmatch. It spent up to 100 million on internal government conversions. Accordingly, reserves increased by $147 million instead of $245 million.

In May, funds on government deposits increased by 77.2 million GEL, to 993 million.