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Finance Minister Hopes Lari Stops Falling

Present market mechanisms are enough to make the GEL exchange rate stable, – stated Minister of Finance Nodar Khaduri at today’s government session.
Georgia’s PM Irakli Gharibashvili expressed interest in why National Bank of Georgia had not involved in the process of stabilizing the GEL as it was planning. As Khaduri responded, the bank has not done anything yet, because it was not necessary.

According to him, the government has analyzed that the GEL exchange rate will not change in a year and is a stable currency throughout the region.

However, recently the GEL has again depreciated against the dollar. National Bank of Georgia has set a new exchange rate. According to the latter, 1 dollar will cost 1.9977 GEL from February 5.

The exchange rate was 1.9933 GEL yesterday.