Georgian economy minister refrains from national currency predictions
Tbilisi, Georgia, Feb. 23
By Nana Kirtzkhalia - Trend:
The Georgian government is doing everything to weaken the influence of
the global processes on the rate of national currency - Lari, Georgian Economy Minister Giorgi
Kvirikashvili said in an interview with Imedi local TV company Feb. 23.
"I will refrain from answering the question whether I am waiting for further lari depreciation," he said. "It is difficult to make such forecasts. The volumes of export operations have been already adjusted. I do not think that afterwards, the export volume and tourism revenues will be reduced. The period necessary for import adjusting has already passed. This would further weaken pressure on the national currency."
The lari rate versus the dollar and the euro rates have reduced by 20 percentage points for the last few days.
The official exchange rate is $1 = 2.17 lari on February 23.
Edited by CN