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National Bank of Georgia sells funds at foreign exchange auction

Finance Materials 22 April 2021 23:01 (UTC +04:00)
National Bank of Georgia sells funds at foreign exchange auction

BAKU, Azerbaijan, April 22

Tamilla Mammadova – Trend:

The National Bank of Georgia (NBG) sold $30 million at foreign exchange auction as a result of which the national currency has strengthened slightly against the US dollar and depreciated against the euro, Trend reports via the NBG.

The average weighted bid rate was 3.4447.

The official exchange rate shows that as of today 1 USD costs 3.4462 lari and 1 euro costs 4,153 lari.

This year the lari has depreciated by 17 tetri against the US dollar and by 13 tetri against the euro.

In order to stabilize the lari exchange rate the NBG has already made seven interventions this year and sold $242.9 million in total.

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