One dollar traded at 3.4731 via Bloomberg trading platform

TBILISI(BPI)- Today the Georgian lari has lost  some of its value  via Bloomberg trading platform. Trading has started at $ 1 / ₾  3.4762 this morning, by 12:20 pm one dollar stood at  GEL  3.4731.

The lari’s rate at commercial banks is relatively different. At TBC Bank one US dollar  can be bought  for GEL  3.5200 and sold for GEL 3.4200. At Bank of Georgia one US dollar is sold for GEL 3.5250 and bought for GEL  3.4250.

Recall, yesterday “Commersant” tried to find out about the situation in the region and how much the national currencies are depreciating against the dollar amid coronavirus outbreak . As it turns out, COVID-19 has had the most pronounced negative effect on the Georgian lari in the region, and despite the Minister of Economy Natia Turnava’s convincing  statement,  over the past month the currencies of Georgia’s neighbors either have declined slightly or have gained some of their value via  Bloomberg

 Among the currencies of Georgia’s neighbors, the Armenian dram has depreciated the most (1.2%) since March 18 or  16-fold less than the lari. The price of the Turkish lira has not changed (0.0%) during the same period, while the currencies of other neighbors have strengthened.

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