According to the information of the Macroeconomics and Statistics Department of the National Bank of Georgia the international foreign currency reserves of the National Bank of Georgia will not be in danger due to the depreciation of Euro against USD. The USD exchange rate against Euro amounted to 1.1735 on  November  8 - the highest rate since May 13, 2004   To protect from possible foreign exchange risk of Euro/USD pair the international foreign currency reserves of the National Bank of Georgia are allocated in both of  these two currencies.   Such a decision is conditioned by some factors. Of them most important are diversification of foreign exchange risks and the growth of incomes from the reserve management. Moreover, the reserves denominated in Euro and USD  would make it convenient  to serve the country’s external debt. The international foreign currency reserves of Georgia are placed in top-rated financial instruments. For today,  about   75 %  of  foreign currency reserves are allocated in USD and  about 25 % - in Euro.   By November 7, 2005 the volume of the International foreign currency reserves amounted to USD 437.4 million.