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Forex Reserves

Georgia Forex Reserves Down to $2.449 bln in Oct – c.bank

Reuters reporting: Georgia’s foreign exchange reserves declined to $2.449 billion as of Oct. 31, down from $2.464 billion a month earlier, the central bank said on Friday.

Reserves have fallen by $250 million since the beginning of the year. The central bank set the lari’s official exchange rate for Friday at 2.3959 per dollar, compared with 1.75 a year ago.