PM - The National Bank has all mechanisms to take principled steps

16:19, 06.08.2019

The National Bank has all mechanisms to take principled steps, – Prime Minister of Georgia Mamuka Bakhtadze told reporters, commenting on the GEL’s exchange rate. He said the recent processes in the economy are healthy.

“As for the exchange rate, the analysis shows and the steps taken by the National Bank last week reaffirmed that the current processes in the economy are healthy. Accordingly, the National Bank has all the means and mechanisms to take principled steps in this situation.

Of course, it is an independent structure and it must make its own decisions, but I would like to reiterate that the last week’s events have once again confirmed that the current economic situation is healthy, expectations, including related to the depreciation of the GEL, have been excessive,” PM Bakhtadze said.

Economics

Mamuka Bakhtadze

National Bank