03 June 2020,   22:55
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Georgia’s National Bank will sell 40 million USD

Tomorrow, March 25, the National Bank of Georgia will sell 40 million USD at the auction to help the GEL gain value.

The bank officials say the Georgian financial system met the economic challenges well, as the banking sector is healthy and sustainable.

“The National Bank is working intensively to minimize the coronavirus-caused negative outcomes”, - reads the statement of the National Bank.

An intervention planned for tomorrow will be the third attempt by the National Bank to help Georgian currency stabilize.

The bank sold 40 million USD on March 19 and 20 million GEL - on March 13.

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