ECONOMY

PM : Our expectation is that the GEL’s exchange rate will be stabilized

12.08.19 14:40


Our expectation is that the GEL’s exchange rate will be stabilized and this negative background will be removed, - Prime Minister of Georgia Mamuka Bakhtadze said, responding to InterPressNews’s question today.

 

According to Mamuka Bakhtadze, economic analysis shows that the leading factors are positive, good trade dynamics are observed and export rates are high.

 

The Prime Minister also noted that the Government of Georgia is taking all necessary steps to maintain the growing dynamics in the economic field.

 

“The general analysis of the economy shows that all the leading factors are positive, exports are at a very high level, there is a good trade dynamic in terms of deficits and naturally, there is optimism regarding the GEL’s exchange rate. Moreover, the analysis of commercial banks showed that the international financial institutions and the National Bank said that we dealt with excessive depreciation of GEL, but now we expect the GEL to be stabilized and this negative background to be removed,” PM Bakhtadze said.

 

 

source: IPN/ interpressnews.ge/

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