Central Bank Sells USD 29,7 Mln in FX Market

The National Bank of Georgia has sold USD 29,7 million in the foreign exchange market auction today.

The Central Bank put on sale USD 40 million on June 10 in its latest currency intervention measure, and the average weighted rate amounted to 3.0372.

Georgia’s national currency has been trading at GEL 3.0301 per one USD on Bloomberg’s platform.

Also read:

• National Bank Intervention Gives Struggling GEL a Bump against USD

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