27.Jul .2021 19:30

GEL Has Depreciated Against USD and EUR

GEL Has Depreciated Against USD and EUR
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The national currency depreciated slightly as a result of the July 27 trade. The change in the exchange rate against the US dollar was 0.64 tetri, resulting in the official value of the dollar becoming 3.0892 GEL.
According to the NBG, the national currency depreciated by 0.38 tetri against the euro, as a result of which the official value of one euro became 3.6409 GEL. The cost of the British pound sterling increased by 0.67 tetri and amounted to 4.2521 GEL.
The rates obtained as a result of today's trading will take effect from tomorrow, July 28.

During 2021, the NBG conducted a total of 7 currency auctions to reduce the GEL exchange rate volatility and sold $ 242.9 million.