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We deeply hope GEL will stabilize in summer – BAG

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Natia Taktakishvili
23.04.21 11:30
523
Alexander Dzneladze, President of the Banking Association of Georgia (BAG) talked about the reasons of GEL fluctuation with Business Course. He deeply hopes that GEL will stabilize in summer.

"As for the reasons of GEL depreciation, problems in the regions directly or indirectly affect GEL exchange rate in addition to the pandemic," - said Dzneladze.

He hopes that all business sectors will be gradually restored in the second half of the year.

“Supposedly, business directions in the country will begin to recover in the second half of the year, the restaurants and tourism-related sectors will be less affected, but it is hoped that appropriate steps will be taken in this direction," - said the president of the Banking Association.