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Georgian National Bank president: Nothing threatens stability of lari

Politics Materials 25 June 2010 20:33 (UTC +04:00)
Nothing threatens stability of lari in the medium and long term periods, president of the National Bank of Georgia Giorgi Kadagidze said.
Georgian National Bank president: Nothing threatens stability of lari

Georgia, Tbilisi, June 25 / Trend N. Kirtskhalia /

Nothing threatens stability of lari in the medium and long term periods, president of the National Bank of Georgia Giorgi Kadagidze said.

Kadagidze said that the rate of lari will always fluctuate, both in terms of strengthening and depreciation. But nothing threatens its stability in the long-term and medium periods as lari is strengthened by foreign exchange reserve.

Official rate of lari in early June reached a four-year maximum and fixed at the rate of 1.8.

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