New Official Exchange Rate
The official exchange rate set by the National Bank of Georgia (NBG) has also been changed and shows that from today 1 USD will cost 3.0118 GEL, which means that Lari reached record-high depreciation against Dollar.
The Georgian national currency, the lari, has depreciated in value by 2.6 tetri against the Euro. As a result, 1 Euro will cost 3.3684 Lari.
On Friday, on March 13th, the National Bank of Georgia implemented first currency intervention and sold $20 million from its reserve.