05.Nov .2021 18:00

GEL Depreciated Against USD and Strengthened Against EUR

GEL Depreciated Against USD and Strengthened Against EUR
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As a result of November 5 trading, the Georgian national currency depreciated by 0.06 tetri against the US dollar, resulting in the official value of one dollar being 3.1637 GEL.
 
According to the NBG, the national currency strengthened by 0.22 tetri against the euro, as a result of which the official value of one euro became 3.6490 GEL. The 6.25-tetri strengthening in the exchange rate is against the British pound sterling, which cost 4.2488 GEL.

On October 27, the President of the National Bank of Georgia, Koba Gvenetadze, commented on the exchange rate, in particular, the devaluation of the Turkish lira, saying that the negative effect of the depreciation of the lira was balanced by the strength of the ruble and the manat.