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GEL Has Depreciated Against USD and EUR

12.10.21 19:30

As a result of October 12 trading, the Georgian national currency depreciated against the US dollar. The change in the exchange rate against the dollar was 0.29 tetri, as a result of which the official value of the dollar became 3.1329 GEL.
According to the NBG, the national currency depreciated by 0.12 tetri against the euro, as a result of which the official value of one euro became 3.6204 GEL. There is a 0.21-tetri depreciation against the British pound sterling, the value of which has become 4.2661 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 13.
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