Georgia’s central bank said its total reserves rose to $4.031 billion as of April 1, 2022, up from $3.993 billion a month ago, but down from $4.102 billion a year earlier.

The bank’s foreign currency reserves totalled $3.542 on April 1 this year, up from $3.507 on March 1 this year, but down from $3.894 billion on April 1, 2021.

The central bank sold $39.570 million on a currency auction on March 9, the only intervention on the market so far this year. Last year, the bank sold $332.9 million on currency auctions, in a move to support the Georgian lari currency.

The Georgian lari traded at 3.08 to the U.S. dollar on Wednesday.