Some commercial banks sell dollar for 2.51 GEL

1 USD costs 2.51 GEL at several commercial banks of Georgia. This information has been posted on their webpages.

At the moment consumers can buy 1 USD for 2.51 GEL and sell for 2.43 GEL at Bank of Georgia.

Dollar price is 2.5130 GEL at TBC Bank. Its selling price is 2.4370 GEL. Bank Republic sells the dollar for 2.5150 GEL and buys for 2.4280 GEL.

As for Cartu Bank 1 USD costs 2.4900 GEL here and its selling price is 2.4400 GEL.

Yesterday the GEL has reached its historical minimum against the dollar. Official price of 1 USD has become 2.4694 GEL.

On 23 February 1999 it reached the price 2.45 GEL for 1 USD, though it later decreased in two days to 2.38, while on 27 February the exchange rate was fixed at 1.93.

According to the National Bank of Georgia the new exchange rate will be set on January 25

GEL rate reaches its historical minimum

GEL rate reaches its historical minimum The GEL rate has reached its historical minimum. The national currency has started depreciation in December 1998.
On 23 February 1999 it reached the price 2.45 GEL for 1 USD, though it later decreased in two days to 2.38, while on 27 February the exchange rate was fixed at 1.93.

According to the National Bank of Georgia, today the price of 1 dollar has equaled 2.4694.

Dollar price equals 2.4445 GEL

Dollar price equals 2.4445 GEL Official price of 1 USD has become 2.4445 GEL. The National Bank of Georgia has set a new exchange rate according to which the national currency has slightly depreciated against the dollar.

Starting with January 22, 1 USD will cost 2.4445 GEL. The previous rate was 2.4317 GEL.

According to the National Bank of Georgia the GEL has also lost value against the euro. Starting with January 22, 1 EUR will cost 2.6635 GEL while the previous rate was 2.6583 GEL.

Price of 1 USD equals 2.4254 GEL

Price of 1 USD equals 2.4254 GEL The National Bank of Georgia has set a new exchange rate, according to which the GEL has slightly lost value against the dollar.

Starting with January 15, 1 USD will cost 2.4254 GEL. The previous exchange rate was 2.4158 GEL.

According to the new exchange rate, the Lari has lost value against the euro too. From January 15, 1 EUR will cost 2.6478 GEL, while the previous rate was 2.6124 GEL.

Dollar price equals 2.4155 GEL

Official price of the dollar has become 2.4155 GEL. The National Bank of Georgia has set a new exchange rate, according to which the GEL has slightly gained value against the dollar.

Starting with January 13, 1 USD will cost 2.4155 GEL. The previous rate was 2.4198 GEL.

According to the National Bank of Georgia the national currency has also slightly gained value against the dollar. Starting with January 13m 1 EUR will cost 2.6194 GEL while the previous rate was 2.6359 GEL.

GEL Equals 1.6680 against USD

USD 1 equaled GEL GEL1.6680 after trading at the Tbilisi inter-bank currency exchange today, January 9.
As the National Bank of Georgia reported GeorgiaNews, the National Bank of Georgia as seller and seven commercial banks as purchasers took part in the trading session of the Tbilisi Interbank Currency Exchange (TICEX), where seven new stock deals were concluded. The total trade turnover amounted to USD 12 300 000.
The opening exchange rate was 1 USD – 1.6680USD.
The initial demand of commercial banks on the currency was USD 12 300 00; while –no supply.
The official exchange rate from January 10 is 1 USD - GEL1.6680.

GEL Equals 1.4390 against USD

USD 1 equaled GEL1.4390after trading at the Tbilisi inter-bank currency exchange today, November 5.
As the National Bank of Georgia reported GeorgiaNews, the National Bank of Georgia as seller and seven commercial banks as purchasers took part in the trading session of the Tbilisi Interbank Currency Exchange (TICEX), where three new stock deals were concluded. The total trade turnover amounted to USD 22 800 000.
The opening exchange rate was 1 USD – 1.4330USD. The initial demand of commercial banks on the currency was USD 22.800.000.
The official exchange rate from November 6 is 1 USD - GEL1.4390.

US Congress Apportions USD 365 Million for Georgia

US Congress apportioned USD 365 million for Georgia. The corresponding resolution was approved by the both houses of Congress and is already sent to US President for signing it.
‘The sum is to serve the economic and humanitarian assistance of Georgia and to undertake energetic reforms‘– is said in the document.
USD 365 Million is the part of 1 billion promised to Georgia by US President and Secretary of State on September 4.Georgia will receive the rest of the amount till the end of the year.