BAKU, Azerbaijan, June 8
By Tamilla Mammadova – Trend:
Economic dynamics will improve further, which will have a positive impact on lari and support its strengthening in Georgia, said Deputy Minister of Finance Giorgi Kakauridze, Trend reports via Georgian media.
The national currency has strengthened by 25 tetri for the last 30 days, but as of June 7, the lari has devaluated against USD by 7.78 tetri.
“Positive dynamics in the economy is vital for lari strengthening. It is important to improve the positive expectations caused by easing the restrictions, including the opening of land borders. All this has raised positive expectations in the private sector, which is one of the main factors informing of the lari exchange rate," he noted.
As he noted, the lari is experiencing leaping devaluation, as well as strengthening due to the floating exchange rate.
"Today, the situation is relatively stable, economic dynamics of the next period will be even better, which will have a positive effect on lari", said Kakauridze.
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