National Bank of Georgia bought $214M from foreign exchange market in Q1 2024

In the first quarter of this year, the National Bank of Georgia bought $213.8 million from the foreign exchange market.

According to Report, $9 million of this amount was bought in January, $77 million in February, and $127.8 million in March.

Last year, the regulatory body bought $1.47 billion from the foreign exchange market and sold $195 million in return to stabilize the exchange rate of the national currency (lari).