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Lari starts gaining value
Publish Time 2016-12-22 20:05:00
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.
Price of 1 USD below 2.60 GEL
The Georgian national currency slightly gained value. For the first time for the last 2 months, the price of 1 USD is below 2.60 GEL and is
Larization of credits to begin starting today
Transformation of bank credits taken in USD into Georgian national currency Lari will begin starting today.
Experts evaluate government’s plan differently
Georgian experts have different viewpoints about the government’s plan elaborated with purpose of stabilization of national currency Lari.
Georgian national currency slightly gains value against USD and Euro
The Georgian National currency Lari has slightly gained value. The National Bank of Georgia (
Government approves credits Larization program
The government of Georgia has approved the bank credits Larization program. The program will take effect starting January 17. <
Government approves credits’ Larization Program
The Georgian government has approved the program, which envisages issuance and transformation of credits in Georgian national currency Lari
Government to approve program for credits’ Larization
The Georgian government today will approve the program, which envisages issuance of credits in Georgian national currency Lari. &
MPs will hold a voting on so called Larization amendment package
The MPs will hold a voting on so called Larization amendment package today.
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