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Expectations On GEL Strengthening Had Not Been Recorded Even In The Pre-Pandemic Period – BAG Index

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Natia Taktakishvili
17.06.21 14:00
431
Expectations on GEL strengthening had not been recorded even in the pre-pandemic period, - according to the data from BAG Index.

“The optimism of respondents goes in line with the GEL’s appreciation trend against the USD that was recorded after sharp depreciation in April. Despite the recent appreciation of the GEL, the share of companies that expect the GEL to depreciate against the USD in the next six months remains high (49%)”, - BAG Index reads.