National Bank of Georgia puts up $40 mln at auction, sells $29.65 mln
As of today, 1 USD costs 3.0393 GEL, while 1 EUR costs 3.4551 GEL. Photo: Nino Alavidze/Agenda.ge.
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The National Bank of Georgia (NBG) put up $40 million at foreign exchange auction earlier today against the depreciation of the Georgian lari, however only $29.65 million was sold.
The average weighted rate was 3.0372.
As of today, 1 USD costs 3.0393 GEL, while 1 EUR costs 3.4551 GEL.
The National Bank of Georgia (NBG) announced today that it will sell $40 million at foreign exchange auction tomorrow to control the national currency’s changing value against the US dollar. As a result of the last two interventions the NBG has already sold $60 million in total.
Despite a state of emergency, economic activity continues in Georgia except for Marneuli and Bolnisi municipalities in eastern Georgia where a strict quarantine regime has been imposed after a local, 62-year-old woman tested positive for COVID-19 came into contact with more than 80 locals.
The National Bank of Georgia has sold $40 mln today amid the depreciation of the Georgian lari, announces the National Bank of Georgia. As of today, 1 USD costs 3.1568 GEL, while 1 EUR costs 3.4109 GEL.
1 USD costs 3.0118 GEL
Against the backdrop of the outbreak of the coronavirus and the global oil crisis, the Georgian national currency, the lari, has hit a record low against the US dollar after falling to 3.0118.
The National Bank of Georgia has sold $20 mln to stabilise the Georgian lari amid its depreciation.