Home / Banking / National Bank Buys 132.5 million USD at Currency Auction YTD
NBG Reduces Its Policy Rate By 25 Basis Points To 6.75%

National Bank Buys 132.5 million USD at Currency Auction YTD

Starting January 2018 National Bank of Georgia (NBG) bought 132.5 million USD at currency auctions. This year the NBG purchased foreign currency 12 times, 8 times in 2017. The NBG has not sold USD over the past 2 years.

In 2016, a total of 24 currency auctions were held and the NBG sold 280 million USD and bought 278.3 million USD.