BAKU, Azerbaijan, Oct. 8
By Maryana Akhmedova – Trend:
Georgian lari will remain stable in 2021, as tourism in the country is recovering, Galt & Taggart Investment Bank said in a published overview of the Georgian economy, Trend reports, citing Georgian media.
The publication said that the Georgian lari exchange rate has remained stable since May 2021, due to the reduction of the current account deficit and correct monetary policy.
According to the forecast of the Investment Bank, the exchange rate of Georgian lari to the dollar will vary between 3.1-3.2 Georgian lari/$. In case of an unstable situation, G&T expects interference in the active market from the National Bank.
The Investment Bank predicts that the Georgian lari has the potential to strengthen in 2022, given that the process of tourism recovery will be even sharper.
Galt & Taggart forecast the exchange rate of Georgian lari to be 3 - 3.15/$ in 2022.
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