The National Bank of Georgia offered USD 60 million at the foreign exchange auction on Tuesday, of which USD 48.70 million was sold.
The Bank said the average weighted rate of the operation was 2.7829. In today's currency rates, USD 1 costs GEL 2.7680, while EUR 1 costs GEL 3.0058.
The Bank also intervened with a USD 60 million injection at a foreign exchange auction about two weeks ago, in response to “recent volatility” in the currency market.
