Monday May 25, 10:43 AM
Georgia to control lari rate via auctions-cbank
TBILISI, May 25 (Reuters) - Georgia's central bank will stop interventions on the Tbilisi currency exchange, and the lari rate will be determined via currency auctions, the central bank's chief Giorgi Kadagidze said on Monday.
The central bank had been spending its reserves to support the lari.
(Reporting by Margarita Antidze, writing by Toni Vorobyova) Keywords: GEORGIA FX/
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