The National Bank of Georgia has sold $40 mln today amid the depreciation of the Georgian lari, announces the National Bank of Georgia.
As a result of today’s trade lari appreciated against the US dollar by 2.36 tetri, while against the euro it appreciated by 8.88 tetri.
As of today, 1 USD costs 3.1568 GEL, while 1 EUR costs 3.4109 GEL.
The National Bank of Georgia (NBG) sold $20 million at foreign exchange auction on March 13, 2020 to control the national currency’s changing value against the US dollar.
To decrease the pressure of the exchange rate on inflation, the National Bank of Georgia increased the refinancing rate by 0.5 percentage points to 7.5 per cent on September 25, and again by one percentage point to 8.5 per cent on October 23.
The National Bank of Georgia also increased the refinancing rate by 0.5 per cent to 9 per cent on December 11, 2019.
See all the news
First-Stage Land Usage Permit for APM Terminals Poti
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
Silknet signed Memorandum of Understanding with Global Communications Company One Web
Reuters: Dutch city tells floating Georgian monastery to cast off
The NBG hiked further as the GEL stays undervalued
World Bank expects slowdown of Georgia's economic growth in Q4 of 2019
Georgia-Estonia Business Forum is Held Today
Nestle Sees $250 Million Boost for Starbucks Products
BM.GE: Giorgi Gakharia has selected a new business ombudsman
Galt & Taggart does not rule out slowdown of economic growth to 4% in 2020
Mamuka Khazaradze: finally, I also found out what we were accused of
Salmonella detected in frozen chicken meat imported from Ukraine
Talakvadze about Tskaltubo Development Project: special rules won’t apply to Ivanishvili
m2: we do not have any plans for Center Point at this stage
Georgia Capital to open 6 new hotels in Georgia under the new brand Amber Group
The CEO of m2 Group is changed - Shota Berekashvili replaces Irakli Burdiladze
The 30 Top Emerging Travel Destinations for 2020
"We hold rather comfortable shares on the market " – Does TBC Bank want to Buy Cartu?
Interview with Ahmed Bin Sulayem - Executive Chairman and CEO of DMCC