Net international investment position (IIP) of Georgia by the end of the second quarter of 2012 amounted to -14.5 billion of USD (-23.9 billion GEL) that is -1.8 billion USD (-3.0 billion GEL) increase on yearly base and -473.4 million USD (-772.9 million GEL) increase compared to the previous quarter record. During the quarter transactions and price changes were negative, exchange rate and other changes were positive. Total international assets amounted to 5.0 billion of USD (8.3 billion GEL) as for 30^th of June 2012. 55.1 percent out of total international assets consists of reserve assets; 20.2 percent - of direct investment, 14.6 percent - of currency and deposits; 7.1 percent - of trade credits; 1.8 percent - of loans; and 0.9 percent portfolio investments and financial derivatives. Reserve assets increased by 21.2 million USD (35.1 million GEL) compared to the record of 30^th of June 2011. Reserve assets amounted to 2.8 billion of USD (4.6 billion GEL) by the end of the reporting period. 130.0 million of USD (214.9 million GEL) out of the annual net changes was due to transactions and -109.3 millions of USD ((-180.6 million GEL) - due to exchange rate changes. National Bank of Georgia from started repayment of IMF credit since December 2011; therefore, growth of Reserve assets was modest.

As for liabilities, for the same period, total liabilities amounted to 19.6 billions of USD (32.2 billion GEL), that is 2.2 billion USD (3.7 billion GEL) increase on yearly base.  Liabilities to direct investors increased by 13.4 percent and amounted to 10.1 billions of USD (16.6 billion GEL). Portfolio investment liabilities grew by 30.2 percent yearly, and amounted to 1.7 billions of USD (2.7 billion GEL), of which 615.2 million of USD (1.0 billion GEL) is government Eurobonds, 287.8 millions of USD (473.4 million GEL) - Eurobonds of Georgian railway and 247.6 millions of USD (407.3 million GEL) - Georgian Oil and Gas Corporation bonds. Treasury bills and treasury bonds bought by non-residents, total 96.3 millions of USD (158.4 million GEL) is also included in this component.

By the end of the reporting period, as compared to the preceding year, other investments liabilities increased by 8.9 percent and amounted to 7.8 billion of USD (12.8 billion GEL). From that amount loans comprised 6.2 billion of USD (10.3 billion GEL). Monetary authorities' loans decreased by 26.8 percent as compared to the same period record of the previous year and amounted to 487.5 million of USD (802.0 million GEL). External liabilities of general government grew by 5.5 percent due to long term liabilities. Banking sector loans increased by 4.5 percent totaled to 1.1 billion USD (1.7 billion GEL) as for the end of June 2012. Long term liabilities increased by 2.3 percent and short-term liabilities increased by 13.8 percent. Currency and deposits liabilities increased by 50.7 percent compared to the previous year and reached 657.7 million USD (1.1 billion GEL).

By the end of June of 2012, the other long term liabilities of the National Bank of Georgia reached 218.5 million of USD (359.5 million GEL), which is the allocation of Special Drawing Rights (SDR).