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Finance Minister: We should Foster Dedollarization

Finance Minister: We should Foster Dedollarization

Georgian Finance Minister Nodar Khaduri urges Georgian citizens to take loans and place deposits in the currency in which they receive salaries and incomes.

“It is desirable that our citizens place deposits and take loans in the currency in which they receive incomes”, the Georgian Finance Minister told reporters and explained that he has deposits in both currencies – GEL and USD.

“Naturally, I have deposits in both USD and GEL. I have worked for international organizations and I received salary in USD. I have placed this USD denominated resource on the account. However, I also assure you that I can show you my accounts immediately now, where I keep deposits in GEL.

In Georgia the national currency performs all functions of money. We should foster dedollarization”, Mr. Khaduri said.