Georgia, Tbilisi, 10 November / Trend corr. N.Kirtzkhalia / As a result of auctions, which were held at the Tbilisi interbank stock exchange on 10 November, exchange rate of lari to USD sharply dropped by 160 points as compared to previous auctions and made up 1.6500 lari for 1 USD.
Exchange rates of other currencies rose. For instance, the Azerbaijani manta can be bought for 2.0431 lari in Tbilisi, although its highest price reached to two lari.
On 10 November, banks asked $77mln, whilst the National Bank of Georgia could grant only $47mln, which led to rise of exchange rates of foreign currencies in respect of lari
Experts do not exclude that the Georgian authorities deliberately reduce exchange rate of lari to realize €250mln more expensive, which was allocated by the European Union (EU). Earlier Georgian experts stated that such a low rate of USD in Georgia does not correspond to its real price. However, the authorities deliberately reduced exchange rate of USD with great amount of investment and money transfers abroad on different money systems and at present they are seeking quickly to bring it in line with reality.
On 10 November following exchange rates officially are fixed on different currencies: one British pound sterling costs 2.5950 lari; Euro - 2.1178 lari; Russian rouble - 0.0612 lari; as well as Azerbaijani manta -2.0431 lari.
However, prices at exchange centers are different, including 1.70 lari for USD and sale price - 1.75 lari or 1.8 lari.
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