Economy
Posted:
2 years ago
Georgian Lari Devalues Sharply Amid Russia-Ukraine War
The National Bank of Georgia set a new exchange rate as a result of the trade held on February 24. The rate change against USD made up 11 tetri and cost of 1 USD became 3.1331 GEL.
According to the NBG, GEL devaluated against EUR as well and the rate change made up 7.82 tetri. Cost of 1 EUR has become 3.5032GEL.
The depreciation totaled to 10.57 tetri against GBP and cost of 1 GBP amounteded to 4.2059 GEL.