The National Bank of Georgia (NBG) reported that its Governor Natia Turnava met Central Bank of the United Arab Emirates Governor Khaled Mohamed Balama during the International Monetary Fund and World Bank Spring Meetings, exchanging views on supervisory approaches and developments in payment infrastructure. Turnava highlighted key achievements in Georgia’s financial and banking sectors, including strong liquidity indicators. Discussions focused on the NBG’s large-scale upgrade of its Real-Time Gross Settlement (RTGS) system to improve efficiency and throughput for faster, more reliable business-to-business (B2B) payments, as well as support for innovative payment services including development of the Instant Payment System (IPS). The meeting also covered financial technologies and virtual asset services in Georgia and related regulatory steps, and concluded with consideration of future cooperation to exchange information, knowledge, and best practices.
National Bank of Georgia 2026-04-16
National Bank of Georgia discusses RTGS upgrade and future cooperation with the Central Bank of the United Arab Emirates
The National Bank of Georgia said Governor Natia Turnava met UAE Central Bank Governor Khaled Mohamed Balama at the IMF and World Bank Spring Meetings to discuss supervisory approaches and payment infrastructure. They reviewed Georgia’s Real-Time Gross Settlement system upgrade, Instant Payment System development, and regulatory steps on financial technologies and virtual asset services, and considered future cooperation on information and best practice exchange.