27.Oct .2021 18:00

The Official Value of One Dollar Became 3.15 GEL

The Official Value of One Dollar Became 3.15 GEL
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As a result of October 27 trading, the Georgian national currency depreciated by 1.29 tetri against the US dollar, resulting in the official value of one dollar being 3.1557 GEL.

According to the NBG, the national currency depreciated by 0.62 tetri against the euro, as a result of which the official value of one euro became 3.6581 GEL. The 1.28-tetri exchange rate is against the British pound sterling, which cost 4.3299 GEL.
The National Bank of Georgia held a foreign exchange auction on September 30 and sold $60 million - as a result of the auction, the lari strengthened against the dollar and the euro, but has been depreciating daily since then.

This was the ninth foreign exchange intervention of the National Bank in 2021, the last auction was held by the NBG on August 3, during which it sold $ 30 million. In total, by 2021, the National Bank had sold $ 332.9 million in interventions.
The rates obtained as a result of today's trading will take effect from tomorrow, October 28.