Regulatory Alerts2009-05-22 | 6Rules Concerning the Determination of the Official Exchange Rate of the Domestic Currency against Foreign Currencies
The National Bank of Georgia issued these rules to establish the methodology for determining and publishing the official exchange rate of the Georgian Lari against foreign currencies. The regulations mandate that the USD/GEL rate be calculated daily as a weighted average of spot trades on the NBG auction and interbank market, while other rates are derived via cross-currency rates from international markets. The National Bank is responsible for publishing these indicative rates on its website by 17:00 on the calculation day, with specific provisions for excluding anomalous trades and handling technical delays.
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