Lari gains value: 1 USD now equals 2.2340 GEL
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The National Bank of Georgia (NBG) is making its third intervention to control the changing value of Georgia’s national currency against the United States (US) dollar.
The aim of the intervention was to ensure the Georgian Lari (GEL) did not strengthen too quickly and cause negative effects for local businesses.
Today the NBG purchased $10 million USD at the Foreign Exchange Auction. The weighted average exchange rate was 2.2324 GEL for every one USD.
This was the third intervention since 2014 - the year the Lari started depreciating.
The Georgian Lari started to gain value against the US dollar after falling dramatically 17 months ago. Now the GEL was also strengthening against the Euro.
From tomorrow 1 USD will equal 2.2340 GEL, announced NBG. The previous rate was 2.2423 GEL.
Meanwhile from tomorrow 1 Euro will cost 2.5392 GEL, down from the previous rate of 2.5408 GEL.
The National Bank of Georgia (NBG) is making its second intervention to control the changing value of Georgia’s national currency against the United States (US) dollar.
NBG purchases $5m at Foreign Exchange Auction
The national currency of Georgia is steadily gaining value against the United States (US) dollar after it started falling dramatically 16 months ago.
1 USD cost 2.35 GEL from March 16
The national currency of Georgia is gaining value against the United States (US) dollar and the Euro after falling dramatically 16 months ago.
Georgia’s national currency, the Lari, is gaining value against the US dollar after the National Bank of Georgia (NBG) sold almost $27 million USD at today’s Foreign Exchange Auction.
The National Bank of Georgia (NBG) projects Georgia's economic growth will hit three percent in 2016.
NBG buys $20m at Foreign Exchange Auction
The National Bank of Georgia (NBG) has purchased millions of dollars at the Foreign Exchange Auction to control the national currency’s rapidly changing value against the US dollar.
NBG buys $20m at Foreign Exchange Auction
The National Bank of Georgia (NBG) has purchased 20 million dollars at the Foreign Exchange Auction to control the national currency’s rapidly changing value against the US dollar.