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National Bank: In April, the nominal effective exchange rate of the GEL strengthened by 7.8%

by mariam.mtivlishvili
June 7, 2024
in Business & Economy, Magazine
Reading Time: 1 min read
In January, annual inflation in Georgia was 0%

The National Bank stated that in April, compared to the previous month, the average exchange rate of the GEL against the USD strengthened by 0.16%, and against the euro by 1.37%.

“The real effective exchange rate of the GEL depreciated by 3.3% annually, but it strengthened by 0.2% in the month. As for the index of the nominal effective exchange rate, the annual strengthening is 7.8%, and in the month – 0.8%”, the National Bank noted.

 

By Mariam Mtivlishvili

Tags: GELGeorgia
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