The National Bank of Georgia hosted a meeting with financial market institutions to outline opportunities to access China’s bond market, linking this to the central bank’s international reserve diversification approach following its entry into the China Interbank Bond Market (CIBM). Discussions covered reserve diversification practices, including investment in CNY-denominated assets, and the growing role of the Chinese yuan in the international monetary system, including its inclusion in the International Monetary Fund’s Special Drawing Rights (SDR) basket alongside USD, EUR, JPY and GBP. The National Bank of Georgia set the share of non-core currencies in reserves at 10 percent, of which approximately 5 percent will be allocated to CNY-denominated instruments, with the Governor stating that investments in yuan and Chinese government securities are undertaken strictly for diversification purposes. The session also referenced peer examples, including Japan’s investment equivalent to USD 10 billion in Chinese assets, Australia’s USD 1.9 billion, Switzerland’s CNY 15 billion quota (around USD 2.4 billion capacity), and the European Central Bank’s first investment in Chinese securities in 2017 of EUR 500 million.
National Bank of Georgia 2026-02-23
National Bank of Georgia presents China Interbank Bond Market access and plans to allocate about 5 percent of reserves to yuan instruments
The National Bank of Georgia met with financial institutions to discuss accessing China's bond market for reserve diversification. It plans to allocate 5% of reserves to CNY-denominated instruments. The meeting highlighted the yuan's growing international role and referenced similar investments by Japan, Australia, Switzerland, and the European Central Bank.