25.May .2022 17:30

Lari's Strong Run Continues

Lari's Strong Run Continues
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As a result of May 25 trading, the Georgian national currency lari (GEL) appreciated against the US dollar. The change in the exchange rate was 0.70 tetri, as a result of which the official value of the dollar became 2.8598 GEL, which is the highest rate since 2020.

According to the National Bank of Georgia (NBG), the national currency grew by 2.18 tetri against the euro (EUR), as a result of which the official value of one euro became 3.0488 GEL.

The 1.64-tetri appreciation is against the British pound sterling (GBP), the price of which has become 3.5725 GEL.
GEL has appreciated by 0.24 tetri against Turkish lira (TRY) and became 17.55 tetri.
The rates obtained as a result of today's trading will take effect from tomorrow, May 26.

Amid recent appreciation of lari, yesterday, 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.