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Tag Archives: GEL exchange

GEL Exchange Rate Depreciation Hits Historical Maximum in 2016


In 2016 the national currency depreciation and economic growth rate deceleration were key problems in Georgian economy. GEL exchange rate collapse has affected both state budget and financial condition of our citizens. Despite  GEL exchange rate stability is one of the key factors for ensuing macroeconomic stability of the country, …

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GEL vs Government

GEL currency Georgian Lari

Economic Team Cannot Be Recognized Successful amid Averaged 3.33% Economic Growth for 4 Years. Last week Government of Georgia released a special statement regarding the GEL exchange rate. The statement names GEL depreciation reasons and unveils plans for introducing a GEL strengthening action plan. According to the government’s statement, the …

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