The National Bank of Georgia has sold 40,000.000 USD at the NBG currency auction today.
The average weighted rate equaled 3.1915.
The National Bank of Georgia attempts to stabilize the GEL exchange rate by selling the dollar.
It has sold 120 mln USD in Jan – April 2020.
The bank has not carried out monetary intervention in May yet.
The National Bank of Georgia accumulated international reserves in previous years and stated that the policy provided good results as the bank can sell the reserves.