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Georgian GEL Continues to Devaluate

The Georgian national currency GEL (Lari) has continued to devaluate throughout the month of October. The National Bank of Georgia (NBG) has set a new exchange rate, according to which one dollar price equals GEL 2.6855. The rate for October 16 was GEL 2.6664. The Euro exchange rate is GEL 3.1095, while the previous rate […]