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Photo/ National Bank of Georgia

GEL has Strengthening Trend on the Foreign Exchange Market

GEL has strengthening trend from January 9. According to official exchange rate, GEL has devaluated against USD by 6 tetri through this period, from 2.7674 to 2.7084.

GEL has strengthened further from Tuesday morning on the foreign exchange market. Cost of 1 USD totals to 2.66-2.68 GEL in the foreign exchange booths.  According to the trade system of Bloomberg, USD has devaluated by 0.65% against GEL from morning. The offer has been at 2.6575 point by 10.25 p.m.