The National Bank of Georgia sold almost 45 million dollars at the currency auction

2023/10/1200-1696663622.jpg
Read: 924     12:00     07 Октябрь 2023    

The National Bank of Georgia suddenly sold almost 45 million dollars more at a currency auction.

The exact size of the currency intervention: 44,900,000 dollars, weighted average rate of 2.6716/$. In total, the National Bank brought $50 million to the auction, but it was not possible to sell everything.

"The expediency of the currency auction was determined by a large one-time transaction in order to minimize the sharp impact on the exchange rate", the National Bank said in a statement. Information on a major one-time transaction is not deciphered.

This is the fourth foreign exchange intervention of the National Bank after September 20, a total of $109.6 million was sold.

The official dollar exchange rate for the next three days is 2.6719 GEL/$.

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The National Bank of Georgia sold almost 45 million dollars at the currency auction

2023/10/1200-1696663622.jpg
Read: 925     12:00     07 Октябрь 2023    

The National Bank of Georgia suddenly sold almost 45 million dollars more at a currency auction.

The exact size of the currency intervention: 44,900,000 dollars, weighted average rate of 2.6716/$. In total, the National Bank brought $50 million to the auction, but it was not possible to sell everything.

"The expediency of the currency auction was determined by a large one-time transaction in order to minimize the sharp impact on the exchange rate", the National Bank said in a statement. Information on a major one-time transaction is not deciphered.

This is the fourth foreign exchange intervention of the National Bank after September 20, a total of $109.6 million was sold.

The official dollar exchange rate for the next three days is 2.6719 GEL/$.

newsgeorgia.ge





Tags: