Central bank sells USD 40 million at foreign exchange auction

The National Bank of Georgia (NBG) sold USD 40 million during its Foreign Exchange Auction today, the National Bank said in a statement.

According to NBG, the averageweighted bid rate was 2.9546.

Yesterday, the National Bank of Georgia released a statement, saying the bank would sell $ 40 million at the foreign exchange auction on September 27 to enhance the impact of the tightened monetary policy.