„Economic analysis evidences that all the leading factors are positive and therefore optimism naturally exists in relation with the exchange rate of GEL“ states Prime Minister of Georgia Print Version

2019-08-12

"Economic analysis evidences that all the leading factors are positive: export is at a rather high level, very good trend is observed towards reduction of the trade deficit. Therefore, optimism naturally exists in relation with the exchange rate of GEL" stated Mamuka Bakhtadze, Prime Minister of Georgia in Didgori when commenting on the topic for the gathered media.

According to the Head of Government of Georgia, analysis performed by commercial banks as well as by international financial institutions (IFIs) and National Bank of Georgia (NBG) confirm that we were dealing with overstated depreciation of GEL.

"We have all the grounds to expect that exchange rate of GEL will stabilize and this negative background will vanish" concluded the Prime Minister of Georgia.

 

Prime Minister's Press Office