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National Bank Gave 8.5 mln GEL to the Market

The National Bank of Georgia (NBG) supplied more than 8.5 million GEL to the market.

At the currency auction, the NBG purchased 8.5 million GEL to the market. The averaged weighed exchange rate made up 2.2802.

Investment bankers do not expect this intervention to provoke strengthening the GEL exchange rate. Purchase of foreign currency means a supply of GEL to the market, due to the suitable exchange rate.