“If we observe excessive fluctuations in the exchange rate or the influence of non-economic factors on the lari, we have all the necessary tools at our disposal to intervene if needed,” said Natia Turnava, Acting President of the National Bank of Georgia, during her presentation on the main directions of monetary, credit, and foreign exchange policy for 2025-2027 at the Parliament’s Finance and Budget Committee session.
She noted that, amid political tension, the market has experienced some volatility, but once the situation stabilizes, the pressure on the lari exchange rate will ease.
“Currently, we have all the conditions to maintain equilibrium naturally. We are already seeing initial signs of stabilization in the foreign exchange market. There are no economic factors at this stage that could lead to significant changes or depreciation of the lari,” Turnava emphasized.
She compared the current period to the pre-election period, where deteriorating expectations led to a sharp increase in demand for dollars and a nearly complete halt in supply. “Today, the market is more balanced and dynamic, with both buyers and sellers of foreign currency, and the market is gradually stabilizing.”
“While non-economic factors do exist, we do not believe intervention is necessary at this moment. However, the option for intervention remains in our hands, and we will exercise our mandate if needed to support the market,” the Acting President of the National Bank of Georgia added.
