"There is a good, strong inflow of foreign currency into the country. This is exactly why the lari has strengthened. February's inflation has been published and is lower than the target 3%—it stands at 2.4%. So, everything points to the fact that we will be able to start replenishing reserves," said the President of the National Bank, Natia Turnava, in a statement to journalists.

She added that the volume of reserves is influenced not only by the activities of the National Bank but also by external debt servicing.

"The reserve statistics are transparent—we publish them periodically. The volume of reserves is influenced not only by the activities of the National Bank but also by external debt servicing. External debt servicing affects the dynamics when external debt repayment is done in a planned manner. As for the National Bank's interventions, we have not carried out any interventions in January-February—we neither bought nor sold foreign currency on the market. From March, we enter the period which traditionally gives us the opportunity to replenish reserves and purchase foreign currency on the market. This is usually published in the following month. It is not advisable to directly announce what we are doing during this period to avoid encouraging speculative sentiment. Generally, there is a good, strong inflow of foreign currency into the country. This is why the lari has strengthened. February's inflation has been published and is lower than the target 3%—it stands at 2.4%. So, everything points to the fact that we will be able to start replenishing reserves," Turnava concluded.