Will the currency crisis in Azerbaijan create additional pressure on the Georgian national currency’s rate?
The experts interviewed by CBW predict the outflow of dollars from Georgia to Azerbaijan. The expert Emzar Jgerenaia assesses the situation as alarming and says that panic in Azerbaijan and demand for dollars will definitely affect Georgia. According to him, the Azerbaijani business is trying to exchange manats for a hard currency in Georgia that will increase the demand for dollars and will further devalue the Georgian lari .
Roman Gotsiridze, a former president of the National Bank, calls concerns about the outflow of dollars from Georgia to Azerbaijan absurd. In his words, the Georgian foreign exchange booths will not exchange Azerbaijani mantas for US dollars.