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IN LAST DECEMBER, TURNOVER OF LARI ON INTERBANK MONEY MARKET HAS INCREASED BY 0.8%, WHILE OF FOREIGN CURRENCY – BY 49.2%

February 4, 2014

Sarke Daily News

National Bank of Georgia (NBG) has reported that total turnover of interbank money market has amounted in December 2013 to 1.88 billion lari, exceeding showing of November by 152.5 million lari. If compared with November, turnover of lari has increased by 12.1 million lari (by 0.8%), while of foreign currency by equivalent of 140.4 million lari (by 49.2%). To compare, total turnover in December 2012 (i.e. a year ago) made up 1.8 billion lari, exceeding showing of previous month by 87.4 million lari (by 5.1%). At that, turnover of lari has increased by 187.3 million lari (by 18.1%), while turnover of foreign currency has decreased by equivalent of 99.9 million lari (by 14.5%). NBG pointed that major part of December's money market accounted for short-term resources deposits with duration of up to 1 month accounted for 75.5% of total volume (instead of 79.9% in December 2012 ). Sum on current accounts accounted for 20.2% (instead of 10.2% a year ago). Share of lari in total turnover of December's money market made up 77.3%, declining by 6.1 percentage points, if compared with the previous month. In December 2012 , share of lari made up 67.4%, exceeding by 7.4 percentage points the showing of the previous month.


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Source: Sarke Daily News (Georgia)


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