BAKU, Azerbaijan, March 13
By Tamilla Mammadova – Trend:
National Bank of Georgia (NBG) sold $20 million during its Foreign Exchange Auction on March 13, 2020, Trend reports referring to NBG.
The weighted average exchange rate was 2.9936.
According to the National Bank, foreign currency reserves total $3,241 billion.
Against the backdrop of the outbreak of the coronavirus, as well as the oil crisis in the world, the national currency of Georgia began to fall rapidly.
The National Bank of Georgia established the exchange rate of 1 USD - 2.87 lari on March 12. Compared with the previous value, the Georgian national currency depreciated against the dollar by 0.032 lari. Compared with the value on March 10, the lari fell by almost 3 percent.
As of today, Georgia has 25 confirmed cases of coronavirus.
Amid the coronavirus spread, Georgia has suspended direct flights with China, Iran and Italy, which are currently the largest centers of the outbreak.
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