01.Apr .2022 17:15

Georgian Lari Up against EUR & TRY, Greenback advanced slightly

Georgian Lari Up against EUR & TRY, Greenback advanced slightly
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As a result of April 1 trading, the Georgian national currency lari (GEL) slightly depreciated against the US dollar. The change in the exchange rate was by 0.22 tetri, as a result of which the official value of the dollar became 3.0918 GEL.

According to the National Bank of Georgia (NBG), the national currency strengthened by 0.81 tetri against the euro (EUR), as a result of which the official value of one euro became 3.4195 GEL.

The 0.84-tetri depreciation is against the British pound sterling (GBP), the price of which has become 4.0629 GEL.

GEL has appreciated by 0.02 tetri against Turkish lira (TRY) and closed at 21.04 tetri.

On March 9, the National Bank of Georgia hold 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.

The rates obtained as a result of today's trading will take effect from tomorrow, April 2.