Georgia, Tbilisi, Dec. 30 / Trend, N. Kirtskhalia /
The Georgian government will issue 10-year securities in 2012, the country's Finance Minister Dmitry Gvindadze told journalists on Friday.
He said 2011 was successful and efficient for Georgia.
Mr Gvindadze said the main priority in 2012 will be further development of the securities market.
"By 2012, the residue of securities will have amounted to 520 million lari ($1 = 1.67 lari), and the total issue based on net issue is about 100 million lari, which is very important for developing the banking and private sector. It is also important that if two years ago we began to issue six month securities, then from of 2012 we will begin issuing 10-year securities. And that means that the private sector's confidence in the national currency is increasing," Mr Gvindadze said.