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Government Bonds Held By the National Bank of Georgia Will Be Actively Used For Open Market Operations

Published: May 30, 2012 | 3:13 pm
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The COMMERCIAL TIMES

Government bonds held by the National Bank of Georgia (NBG) will be actively used for open market operations along with other instruments operated by NBG till now, according to the decision by the Monetary Policy Committee (April 25, May 23). In June-July GEL 114 million value bonds, with the maturation from 1 to 5 years, are planned to be sold. Auctions will be held every Wednesday.

Selling of Government bonds held by NBG serves to the reduction of the interest rate fluctuation and the increase of monetary policy efficiency, also sterilization of excessive liquidity issues on the monetary market.

 

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