05.Nov .2020 16:30

Why Is Lari Depreciating? – Opinion of Maia Tskitishvili

Why Is Lari Depreciating? – Opinion of Maia Tskitishvili
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Minister of Regional Development and Infrastructure Maia Tskitishvili says that the GEL exchange rate reflects what is happening in the country and what is happening abroad.
 
However, the main indicator of the sharp decline in the exchange rate is the country's current political process. According to her, the main reason is the opposition parties' actions, which "are manifested in the riots, rallies and similar actions."
 
Maia Tskitishvili says that the post-election processes should be transferred to the legal framework. "After that, we will all be satisfied with both the exchange rate and economic growth," she said.
 
For information: In the Bloomberg trading system, the lari depreciated sharply today, and in a short period of time, the value of the dollar rose from 3.35 to 3.40. It should be noted that during the last 5 working days, the GEL depreciated by 13 tetri against the dollar.