Baku, Azerbaijan, August 28
By Tamilla Mammadova – Trend:
One of the tasks of the National Bank is to monitor inflation, and no specific benchmarks have been set for the lari, said Koba Gvenetadze, President of National Bank of Georgia, Trend reports citing 1tv.ge.
“We noted that in general, many factors influence the lari coefficient. We believe that even in this situation, the current lari’s rate will be better than we predicted,” Koba Gvenetadze added.
According to him, with a floating exchange rate, it is impossible to predict the exchange rate of the lari.
“On September 4, a meeting of the Monetary Policy Committee will be held. We will discuss the situation, and then we will issue a press release, which will reflect our views. If necessary, corresponding measures will be taken,” Koba Gvenetadze added.
Against the background of depreciation of the lari and changes in international fuel prices, managers of the largest companies in Georgia forecast growth of prices. After the recent auction of the National Bank of Georgia, the official rate of the Georgian lari strengthened by 1.4 percent.