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Lari starts gaining value

Tags:LariUSD

After a daily devaluation , Georgian National currency Lari starts gaining value. The National Bank of Georgia (NBG) has set a new exchange rate. 1 USD costs 2. 77 GEL. 

Now, the main question is whether or not the strengthening trend will continue. Moreover, the National Bank and part of the economists believe that sharp depreciation is linked to wrong expectations.

This version is also backed by a well-known Russian investment company, which publishes an article about Georgia’s exchange market.  

One part of specialists call on the National Bank to apply strict measures.


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