BAKU, Azerbaijan, July 1
By Tamilla Mammadova – Trend:
The official exchange rate of the lari against the USD decreased from 3.2032 to 3.1761 (0.9 percent) in May 2020, and depreciated against the euro from 3.4748 to 3.5366 (1.8 percent), Trend reports referring to National Bank of Georgia (NBG).
According to the bank, in May 2020, the maximum value of the lari exchange rate against the USD was 3.2106, and the minimum was 3.1761.
In May, the real and nominal effective exchange rates of the lari depreciated by 1.1 percent compared to April, said the report.
In annual terms, the real effective exchange rate of the lari depreciated by 6.2 percent, and the nominal effective exchange rate by 9 percent.
The annual inflation rate in Georgia stood at 6.5 percent in May 2020.
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