TBILISI, April 17 (Xinhua) -- The National Bank of Georgia (NBG) has begun investing a portion of its foreign exchange reserves in Chinese government bonds as part of a broader push to diversify its assets, NBG Governor Natia Turnava said on Friday.
About 100 million U.S. dollars have already been placed in yuan-denominated instruments, with plans to increase that amount to 300 million dollars, roughly 5 percent of the country's total reserves, said Turnava.
The funds are being invested through purchases of Chinese sovereign bonds denominated in yuan, Turnava said, noting that Georgian authorities secured access to a market typically used by central banks and large institutional investors. ■
