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

11:17, 27.09.2020

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.

Economics

exchange rate

Georgian Prime Minister

Giorgi Gakharia