Georgian National Bank: No threats to financial stability
Tbilisi, Georgia, Nov. 8
By Nana Kirtzkhalia - Trend: Vice-President of the National Bank of Georgia, Archil Mestvirishvili made a speech on November 8 before the media commenting on fluctuations in rates of the Georgian lari.
"Nothing important happens in the market. Fluctuations in the rates, which you observe, have always happened. It was in the past, and will be in the future, it is typical for the currency rate. Important thing is that nothing threatens financial stability neither in the short nor in the long-term, and the National Bank is the guarantor for this," Mestvirishvili said.
According to the National Bank's Vice-President, artificial interference is eliminated to preserve the stability of the Georgian lari.
Over the past two weeks, the rate of the lari to the U.S. dollar fell by three points - from 1.66 lari to 1.69 lari per U.S. dollar.