BAKU, Azerbaijan, May 21
By Tamilla Mammadova – Trend:
On May 21, 2020, the National Bank of Georgia (NBG) sold $40 million during its Foreign Exchange Auction, Trend reports via the NBG.
As reported, the average weighted bid rate was 3.1915.
Meanwhile, this is the fifth foreign exchange intervention by the National Bank of Georgia. From the beginning of the year, the NBG has already sold $160 million to stop devaluation of national currency.
As a result, lari strengthened by 0.92 tetri against USD and the official exchange rate of 1 USD amounts to 3.1920 lari.
However, national currency has devaluated against euro. The change of the rate has made up 0.3 tetri and thus, cost of 1 euro is 3.5058 lari.
Lari has strengthened by 1.54 tetri against pound and now, cost of 1 pound amounts to 3.9057 lari.
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