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"Current factors are not affecting lari's exchange rate at this stage" – Khishtovani

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Natia Taktakishvili
11.11.20 12:00
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According to Giorgi Khishtovani, director of the PMC Research Center, the recent fluctuations of lari are linked to the reduced economic activity and uncertainty in the country.

As for the political processes, he explains that current factors are not affecting lari's exchange rate at this stage.

"The political condition in the country is not so tense to talk about the additional political risks. So, I would not say that the depreciation of lari is related to political processes.

In my opinion, this is due to the fact that economic activity decreased in October and November. No one knows how long the second wave will last. Expectations are more negative than positive, as the economic environment in general has deteriorated due to the pandemic, creating an unstable environment for both the population and the business. In my opinion is one of the main risk factors for Georgian economy in 2020 and 2021, because this affects well-being of both population and business," - said Khishtovani.