The lari strengthened as a result of the June 4 trade. The exchange rate change against the US dollar was 7.33 tetri, as a result of which the official value of the dollar became 3.0791 GEL. This is the lowest value of the dollar for the whole of 2021; moreover, the price of one dollar since September 4, 2020, has not been so low.
Throughout the day, the lari in the Bloomberg system strengthened sharply, and by 12:00, it fell to 3.04, although, as it turns out, the average rate of these trades was 3.0791. Hence this is the official rate. Such a sharp rise may have led to any major transaction in the market.
According to the NBG, the national currency was strengthened by 11.5 tetri against the euro, as a result of which the official value of one euro became 3.7276 GEL.
Today, the lari strengthened against the Turkish lira by 1.11 tetri, as a result of which its value became 0.3543 GEL. The British pound sterling fee was reduced by 12.46 tetri and amounted to 4.3477 GEL.
The courses obtained as a result of today’s trading will take effect from tomorrow, June 5.
In 2021, the NBG conducted a total of 7 currency auctions to reduce the volatility of the GEL exchange rate and sold $ 242.9 million.
