BAKU, Azerbaijan, Jan. 11
By Tamilla Mammadova – Trend:
Savings of Georgians denominated in foreign currencies have totaled 21.61 billion lari ($6.5 billion) as of December 1, 2020, up from 17.43 billion lari ($5.2 billion) as of the same period of the prior year, Trend reports via the National Bank of Georgia.
Following USD and euro, pound sterling is the third most popular foreign currency among Georgian depositors.
Out of the total, 21.61 billion lari deposit portfolio in foreign currency, the share of demand deposits, including current accounts was 11.59 billion lari ($3.5 billion) as of December 1, 2020, as for the time deposits, it amounted to 10.02 billion lari ($3.04 billion).
With 8.88 billion lari ($2.6 billion) USD is the first most popular foreign currency among Georgian depositors. It was followed by the euro, with 1.01 billion lari ($306.9 million) and pound sterling with 100.09 million lari ($30.4 million).
With 13.60 million lari ($4.1 million) Swiss franc or CHF is the fourth most popular foreign currency among Georgian savers.
Depreciation of Georgian lari against euro, pound sterling, CHF, and USD during 2020, in particular as of January 1, and December 31, 2020, was as follows: euros 3.2143 vs 4.0233, pound sterling 3.7735 vs 4.4529, CHF 2.9621 vs 3.7103, and USD 2.8661 vs 3.2766.
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