Exchange reserves of the National Bank of Georgia amounted to USD 423. 6 mln by the end of this July. Within the period of analysis, official exchange rate of GEL-USD was adjusted and grown. Since July, the USD official exchange rate has strengthened from GEL 1.8125 to GEL 1.8101.  To avoid explicit fluctuations of market conditions on the exchange market, the National Bank balanced the difference between demand and delivery of foreign currency. Amplitude of exchange rate of GEL-USD on the bank-note segment of domestic exchange market fluctuated from 1.8000 – 1.8250. Trade of at Tbilisi Interbank Exchange Market totaled USD 14395000 within the period of analysis, wherefrom USD 3880000 was sold and USD 1145000 was purchased by the National Bank.