Georgian Deposit Insurance System insures all types of deposits of resident and non-resident individuals, legal entities and organizational units including current and bank card accounts, as well as term and demand deposits. Since all commercial banks and microbanks operating in Georgia are members of the Deposit Insurance System, insurance applies to deposits in any licensed commercial bank and microbank in Georgia. Currently the coverage level is GEL 30,000 for deposits placed in any currency. Insurance does not apply to deposits of those individuals whose right to access the deposit is restricted according to the Georgian legislation (loan guarantee amounts, sequestered amounts, etc.). Also, deposits of commercial bank/microbank administrators and their family members, as well as deposits of shareholders holding at least 5% or more of the bank’s capital and deposits of their family members are excluded from insurance. Additionally, deposits of Financial Institutions and Administrative Bodies are not insured.