Economic Minister commented on depreciation of GEL
19:43, 01.11.2017
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NBG raises minimum foreign currency credit limit to GEL 400,000
- Economy Minister: Unstable political process affects GEL depreciation
- GEL continues strengthening on Bloomberg Trading Platform
- Giorgi Gakharia: Bank system saves 700 million foreign currency resources, which should be directed to economy
- Finance Minister – GEL to find its equilibrium rate
- Mamuka Bakhtadze: Economic analysis evidences that leading factors are positive therefore optimism naturally exists in relation with GEL exchange rate
- Mamuka Bakhtadze: National Bank has all tools to keep healthy parameters of GEL
- Natia Turnava: National currency has been trending towards appreciation, our analysis was absolutely correct
- Mamuka Bakhtadze: GEL experiences excessive depreciation, accordingly, we expect national currency to rebound to its natural and solid indicator
$
USD
2.7328
0.009
€
EUR
2.9389
0.011
₽
RUB
0.027873
0.013
£
GBP
3.5259
0.013
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