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Georgian ex-president's party prepares for rally

Georgia Materials 2 March 2015 15:50 (UTC +04:00)
Georgian ex-president Mikheil Saakashvili’s party "United National Movement" intends to hold a rally in the center of Tbilisi on March 21.
Georgian ex-president's party prepares for rally

Tbilisi, Georgia, Mar. 2

By Nana Kirtzkhalia - Trend:

Georgian ex-president Mikheil Saakashvili's party "United National Movement" intends to hold a rally in the center of Tbilisi on March 21.

It will demand the resignation of the government, which, according to the party, is unable to stop the depreciation of the national currency - the lari, News-Georgia agency reported.

The lari rate versus the US dollar has begun actively declining since November 20, 2014. As of the recent trade, it was set at 2.1654 lari per dollar. Until that time, the national currency of Georgia was at the level of 1.74-1.76 lari per dollar.

The opposition representatives and experts have repeatedly said that the lari rate decrease is the result of the "wrong economic policy" of the authorities.

"Moreover, the government has no concrete plan," the statement said. "It does not listen to the people."

President of the Georgian National Bank Giorgi Kadagidze said last week that the government has not listened to the forecasts of the National Bank for the last two years. At the same time, he said that a smear campaign is conducted against the National Bank.

Earlier, former Prime Minister of Georgia, the billionaire Bidzina Ivanishvili accused the president of the National Bank of inaction. This led to the "crisis of the national currency".

He said that the direct responsibility of the Georgian National Bank was the correct handling of the situation.

Meanwhile, the Ministry of Economy and Sustainable Development of Georgia announced its intention to sell the building, as well as the former building of the National Bank, a thermal power plant, a license for the lottery and other state property to stabilize the exchange rate of lari.

The recent large-scale campaign of the former ruling party "United National Movement" was held in Tbilisi November 15, 2014.

Edited by CN

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