Georgian Central Bank Sells USD 20 Mln

The National Bank of Georgia sold USD 20 mln in the foreign exchange auction on October 2.

According to the National Bank, the average weighted rate on October 2 amounted to 3.1929. GEL has been strengthening versus USD since September 29, when the official exchange rate stood at GEL 3.3203 per USD.

Georgia’s national currency is trading at GEL 3.2016 per USD on Bloomberg’s platform.

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• Georgian Central Bank Sells USD 40 Mln

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