“Despite ongoing geopolitical challenges and external shocks, the macroeconomic stability and peace fostered within the country have safeguarded the stability of Georgia’s national currency. Our foreign exchange market remains resilient to fluctuations, further bolstering public confidence in the Georgian Lari,” Prime Minister Irakli Kobakhidze stated during his speech at the international conference commemorating the 30th anniversary of the GEL’s introduction into circulation.
The Prime Minister emphasized that the Government of Georgia, in partnership with the National Bank (NBG), is committed to promoting competition and expanding access to finance. The increase in business loans signifies more investments, the growth of local enterprises, and the creation of new employment opportunities.
“Our banking system is among the largest employers in the country and continues to develop year by year. Total system assets now approach GEL 100 billion, surpassing the indicators of many Eastern European nations. The National Bank and the entire financial sector strictly adhere to international sanctions and comply fully with local legislation. Not a single violation of international sanctions by Georgia’s financial sector has been recorded. The regulations and supervisory framework of the National Bank are aligned with advanced international standards. Of course, the role of the financial sector in these achievements is invaluable,” Irakli Kobakhidze stated.
