Georgian PM: Gov't, National Bank have enough resources to start Georgia's economic recovery quickly, which will have rapid impact on exchange rate
Georgian PM: Gov't, National Bank have enough resources to start Georgia's economic recovery quickly, which will have rapid impact on exchange rate

Georgian Prime Minister said: “the government and the National Bank of Georgia have enough resources to start Georgia’s economic recovery quickly, which will have a rapid impact on the exchange rate.

Giorgi Gakharia pointed out that this summer when the country faced the first wave of infection, there was a sharp depreciation of the national currency, but then it returned to the normal rate.

“Everyone and, first of all, I understand very well that the national currency’s exchange rate is not just an economic factor, but also a social factor in our country. Despite the global crisis, Georgia has more or less normal parameters of macroeconomics.

Everyone should understand that a lot depends on emotions and expectations. We are in a global pandemic, we have an increase in coronavirus cases and we are waiting for the elections, therefore, we should all take this into consideration,” stated Gakharia.

 

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