ECONOMY

National Bank of Georgia released statement on exchange rate of GEL

27.06.19 13:20


National Bank of Georgia has released a statement regarding the exchange rate of GEL.

 

Based on the statement, the floating exchange rate regime is active in Georgia. Different internal and external factors, including expectations, negatively affect the current exchange rate of GEL.

 

“Information about the expected reduction of tourism flows from Russia also reflected on the currency market in recent days”, – the statement reads.

 

The bank says that it will apply to all necessary measures to evade high inflation in the country.

 

 

 

source: 1TV/ 1tv.ge

 

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