National Bank of Georgia sells $40 mln at foreign exchange auction
This was the second intervention this year while the first one was made on January 6. Photo: Nino Alavidze/Agenda.ge.
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The National Bank of Georgia (NBG) sold $40 million at foreign exchange auction today.
The average weighted bid rate was 3.2964.
This was the second intervention this year while the first one was made on January 6.
So far the NBG has sold $80 million in total at foreign exchange auction.
As of today, 1 USD costs 3.2969 GEL, while 1 EUR costs 3.9982 GEL.
The National Bank of Georgia has carried out 26 interventions in 2020 and sold over $873 million at foreign exchange auction.
The National Bank of Georgia sold $40 million at foreign exchange auction earlier today.
The National Bank of Georgia sold $30 mln at foreign exchange auction today.
The National Bank of Georgia (NBG) sold $37.2 million during its foreign exchange auction today. The average weighted bid rate was 3.3169. This was the 22nd intervention this year and as of now the bank has sold $746.85 million in total.
The Business Association of Georgia announces that the current situation in the foreign exchange market is ‘alarming’ and requires a timely intervention as the devaluation of the national currency and an unstable exchange rate 'weaken economic activity and hinder investment activities'.
The National Bank of Georgia offered $20 million at the foreign exchange auction on Wednesday of which $8.30 million was sold, the bank announced today.