Economy, News

The Georgian lari drops in value

by | Nov 8, 2013
National_Bank

The Georgian National Bank.

TBILISI, DFWatch–The exchange rate of Georgian lari against the US dollar and the euro has fallen.

November 8, the exchange rate of lari against USD was 1.6793. November 7 it was 1.6737. The rate has been falling for one week. October 29 it was 1.6675.

The Georgian lari has also fallen against the euro, and is today 2.2697 and was 2.2607 yesterday.

According to Georgia’s National Bank, this is the lowest level since December 2011, when the exchange of lari to USD was 1.6793.

The exchange rate of lari has also fallen against Azerbaijani manat, Russian ruble, Canadian dollar, Armenian dram and British pounds.



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