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GEL Resource Rises in Value

Interbank currency market has shrunk, as a result of contraction in GEL resource turnover. Turnover made up 7.36 billion GEL (-400 million month on month and – 4 billion year on year). Monthly turnover of foreign currency rose by 500 million GEL.

According to the Monthly Report by NBG, the ratio of GEL resources in interbank currency market’s total turnover makes up 35.4%. 

Average rate on GEL resource rose by 0.2% (month on month) to 7.18%. The rate on foreign currency denominated resources rose by 0.91% (-0.01% month on month).