Government approves credits’ Larization Program
Publish Time 2017-01-11 16:03:00 Update Time 2017-01-11 16:05:00
The Georgian government has approved the program, which envisages issuance and transformation of credits in Georgian national currency Lari. According to Prime Minister Giorgi Kvirikashvili, the scheme will be activated starting January 17.
Transformation of credits in Lari and subsidizing will refer to those persons, who took roans before 2015, their annual income during 2015 did not exceed 100 thousand GEL and their credit balance was not more than USD 40 thousand.
EUR Official Rate against GEL for September 16 - 2.9467
According to the National Bank of Georgia, the exchange rate for Euro against Lari will be 2.
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