24.May .2022 17:30

Lari Climbs further, Central Bank intervenes

Lari Climbs further, Central Bank intervenes
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As a result of May 24 trading, the Georgian national currency lari (GEL) appreciated against the US dollar. The change in the exchange rate was 0.99 tetri, as a result of which the official value of the dollar became 2.8668 GEL, which is the highest rate since 2020.

According to the National Bank of Georgia (NBG), the national currency drop by 0.29 tetri against the euro (EUR), as a result of which the official value of one euro became 3.0706 GEL.

 
The 2.83-tetri appreciation is against the British pound sterling (GBP), the price of which has become 3.5889 GEL.
 
GEL has appreciated by 0.41 tetri against Turkish lira (TRY) and became 17.79 tetri.
 
The rates obtained as a result of today's trading will take effect from tomorrow, May 25.

Amid recent appreciation of lari, today, on May 24, 2022, the National Bank of Georgia bought USD 10 000 000 during its Foreign Exchange Auction. The average weighted bid rate was 2.8689.