21.Oct .2021 17:30

GEL Strengthened Against USD and Depreciated Against EUR

GEL Strengthened Against USD and Depreciated Against EUR
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As a result of October 21 trading, the Georgian national currency strengthened by 0.01 tetri against the US dollar, resulting in an official value of 3.1410 GEL per dollar.

According to the NBG, the national currency depreciated by 0.03 tetri against the euro, as a result of which the official value of one euro became 3.6561 GEL. The 1.12-tetri depreciation is against the British pound sterling, the value of which has become 4.3346 GEL.
 
The National Bank of Georgia held a foreign exchange auction on September 30 and sold $ 60 million - as a result of the auction, the lari strengthened against the dollar and the euro, but has been depreciating daily since then.
 
This was the ninth foreign exchange intervention of the National Bank in 2021, the last auction was held by the NBG on August 3, during which it sold $ 30 million. In total, by 2021, the National Bank had sold $ 332.9 million in interventions.

The rates obtained as a result of today's trading will take effect from tomorrow, October 22.