The National Bank of Georgia has developed a regulatory framework for conducting non-cash currency exchange operations. This new regulation will facilitate the diversification of services, increase operational transparency, and enhance market competition.

The new regulation defines the conditions and obligations for the registration of currency exchange points and the issuance of licenses for their activities.

It is important to note that the regulations remain unchanged for active currency exchange points that will continue to operate solely with cash currency exchange operations. However, if they wish to add non-cash currency exchange services, they must meet the requirements set forth by the new regulation and obtain the relevant license for this activity.

Proposals can be submitted electronically to Non-Banking@nbg.gov.ge until June 27, 2025. Only comments submitted in the format required by the regulation and supported by adequate reasoning will be taken into consideration.