The National Bank of Georgia sold USD 30 mln in the foreign exchange auction on October 9.
According to the National Bank, the average weighted rate on October 9 amounted to 3.2168.
After depreciating for most of September, Georgia’s national currency began to strengthen on September 29. At that time the value of 1 USD stood at 3.3203 GEL. As of October 5, the value of 1 USD was 3.1975 GEL.
GEL began to depreciate again following October 5. As of today, the cost of 1 USD stands at 3.2233 GEL.
Georgia’s national currency is trading at GEL 3.2154 per USD on Bloomberg’s platform.
Also Read:
- 02/10/2020: Georgian Central Bank Sells USD 20 Mln
- 23/09/2020: Georgian Central Bank Sells USD 40 Mln
- 16/09/2020: Georgian Central Bank Sells USD 40 Mln
- 11/09/2020: Georgian Central Bank Sells USD 40 Mln
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