Galt & Taggart – Exchange rate of USD-GEL to be close to 2.5 in mid-term period
Galt & Taggart – Exchange rate of USD-GEL to be close to 2.5 in mid-term period

The exchange rate of USD-GEL will be close to 2.5 in the mid-term period – Investment Company Galt & Taggart says.

Analysts of the Company presume that the seasonal depreciation of Georgian national currency Lari will continue till the end of 2018 and its rate against 1USD will be 2.7-2.75.

According to Galt & Taggart, the latest devaluation of GEL is mainly linked to the depreciation of Turkish Lira.

Also, the Company experts made correction of the prognosis for 2018 economic growth and reduced the prognosticated rate of 5.4% to 5%. The speed of implementation of infrastructure projects is named as the reason.

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