14.Mar .2022 17:24

GEL Appreciates Against EUR and GBP, Slightly Depreciates to USD

 GEL Appreciates Against EUR and GBP, Slightly Depreciates to USD
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As a result of March 14 trading, the Georgian national currency Lari (GEL) depreciated against the US dollar. The change in the exchange rate was 0.14 tetri, as a result of which the official value of the dollar became 3.2322 GEL.

According to the National bank of Georgia (NBG), the national currency appreciated by 0.56 tetri against the euro (EUR), as a result of which the official value of one euro became 3.5431 GEL.

The 1.27-tetri appreciation is against the British pound sterling (GBP), the price of which has become 4.2151 GEL.

Exchange rate devaluated by 0.31 tetri against Turkish lira (TRY), as a result the price for 1 lira became 21.89 tetri.

The rates obtained as a result of today's trading will take effect from tomorrow, March 15.

Last week, the National Bank of Georgia held a foreign exchange auction to support the lari exchange rate and ensure liquidity in the foreign exchange market and sold US$39.6 million. US$50 million was put up for auction.

This was NBG’s first foreign exchange intervention during 2022.