The National Bank of Georgia published remarks by Governor Natia Turnava from a high-level symposium in Shanghai organized by the People’s Bank of China and the Bank for International Settlements, where she spoke on global financial market shifts and reserve management. In that context, she said the global investment environment has become more complex as geopolitical tensions, trade fragmentation and macroeconomic uncertainty increasingly feed directly into inflation, capital flows, exchange rates and investment strategies. Turnava said safety has become the leading priority in central bank reserve management, alongside liquidity and return. She highlighted stronger interest in gold as reserve managers seek assets less exposed to sovereign and geopolitical risks, and pointed to a broader trend toward diversification across currencies and asset classes, as well as rising interest in Asian capital markets. She also said the National Bank of Georgia has been diversifying the geographic and currency allocation of its reserves and that its gold investments have had a significantly positive effect on the return on Georgia’s international reserves.
National Bank of Georgia2026-06-12
National Bank of Georgia outlines reserve management priorities at BIS and PBoC symposium
At a BIS and People’s Bank of China symposium in Shanghai, the National Bank of Georgia’s governor said geopolitical developments are now directly shaping inflation, capital flows, exchange rates and investment strategy. She said safety has become the top reserve management priority, with greater use of gold and broader geographic and currency diversification, including growing interest in Asian markets.