20.May .2022 16:00

If GEL Still Continues To Strengthen, I Would Incline To Interventions - Nadaraia

If GEL Still Continues To Strengthen, I Would Incline To Interventions - Nadaraia
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Otar Nadaraia, Chief Economist of TBC Bank, thinks that inflow of foreign currency into the country contributes to the strengthening of GEL against foreign currencies. Nadaraia told "Business Morning".

"On the one hand, we are all happy with the strengthening of GEL against USD, first and foremost in terms of inflation, because it is a very big problem. The question is how sustainable such a strengthening will be if it does not lead to a weakening of USD. This is not the year when we think USD will weaken, so if GEL continues to strengthen, I would be more inclined to the interventions than to the next strengthening of GEL," Nadaraia said.