After weeks of appreciation and central bank’s intervention which purchased USD 70 million via auction only during ten days of August, today 1 USD that opened at 2.6975 GEL has drop by 1.02% and as of 14:00 (GMT+4) reached GEL 2.7250 on Bloomberg Trading System.
As a result of yesterday’s trading, the Georgian national currency Lari appreciated against the US dollar (USD). The change in the exchange rate against the dollar was 0.7 tetri, as a result of which the official value of the dollar which took effect from today became 2.7016 GEL.
On August 10, 2022, the National Bank of Georgia bought USD 40 000 000 during its Foreign Exchange Auction. The average weighted bid rate was 2.7096.
It was the third purchase of USD via auction during the ten days of August.
The first auction was conducted on August 1, 2022. NBG purchased USD 10 000 000 during its Foreign Exchange Auction. The average weighted bid rate was 2.7514.
Later on August 5, Central Bank purchased USD 20 000 000. The average weighted bid rate was 2.7186.
