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Lari Hits 2.65 Exchange Rate Against USD in Bloomberg System

by Mariam Gorkhelashvili
September 20, 2023
in Business & Economy, Magazine
Reading Time: 1 min read
Decrease in Georgia’s Subsistence Minimum: Drop of 4.7 GEL in July 2023

During the day Wednesday, the national currency’s exchange rate against the US dollar in the Bloomberg trading system reached 2.65.

Within the span of a minute, the rate settled at 2.6473, with the official bank rate standing at 2.6412. This indicates a 0.6-bit devaluation, signifying a decrease in the value of the national currency relative to the US dollar.

By Mariam Gorkhelashvili

Tags: BloombergLariUSD to GEL
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