27.Aug .2020 18:55

The NBG sold $40 million – Gel Strengthened against EUR and USD

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The National Bank of Georgia has set a new exchange rate, according to which, dollar price has become GEL 3.0696.
As of tomorrow, 1 USD will cost GEL 3.0696, while the previous rate was GEL 3.0804.

As for the Euro, its exchange rate is GEL 3.6243, while the previous rate was GEL 3.6389.

It should be noted, that on 27 August, 2020, the National Bank of Georgia sold USD 40 000 000 during its Foreign Exchange Auction.

The average weighted bid rate was 3.0688.