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Georgian Lari Slides to All-Time Low Against US Dollar
Exchange rate of the Georgian national currency, Lari (GEL) hit a record low against U.S. dollar on May 29 after falling to 2.7997. GEL’s previous all-time low of 2.7846 per U.S. dollar was recorded in December 2016. Georgian currency started sharp depreciation in November 2018, when it fell by 15 Tetri against USD during a …