14.Apr .2021 15:30

In the Bloomberg system, the value of 1 dollar became 3.45 GEL

In the Bloomberg system, the value of 1 dollar became 3.45 GEL
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Today's trading in Bloomberg trading system started with the depreciation of the lari, the exchange rate opened at the mark of 3.42 lari and it is currently 3.45 lari, respectively, the lari depreciated by 3 tetri against the dollar.

This is not an official exchange rate yet, it will be published by the National Bank of Georgia at 17:00, therefore, it will be clear what effect this depreciation had on the official exchange rate, which is set by the NBG by calculating the average number of trades concluded during the day.
At the official exchange rate set yesterday, the value of one dollar today is 3.4235 GEL.
 
For reference: The NBG put in $ 40 million in sales in the first week of April, although there was no demand for the appropriate scale in the market, which is why it sold only $ 27.5 million. This was the fifth currency auction in 2021. This year, the NBG sold a total of $ 187.5 million.
 
Koba Gvenetadze, the President of the National Bank of Georgia, made a statement regarding the depreciation of the lari, noting that this depreciation is connected with the sharp devaluation of the Turkish lira. However, according to the President of the National Bank, the NBG can not counteract the impairment caused by fundamental economic factors through interventions, as it would be counterproductive.