Finance Minister Lasha Khutsishvili declares, that the Government of Georgia and the National Bank of Georgia are working jointly to prevent sharp fluctuations of GEL.
As Lasha Khutsishvili notes, the government deeply hopes that vaccination high pace and partial recovery of tourism will contribute strengthening of GEL.
"GEL exchange rate is especially important for population and the business, including those who depend on imports and the part of the population, who have loans in foreign currency. The National Bank is working in coordination with the government on the exchange rate to avoid sharp fluctuations of GEL rate.
There is a rather difficult situation in the country due to the pandemic. One of the factors for this is that vaccination should be carried out as soon as possible and we should be able to partly recover the tourism. We predict that truism will recover by 25-30% this year compared to 2019. But you know that the situation in the region is very tense, a sharp depreciation of 15-16% accrued per day in Turkey. So, the situation reflects on Georgia to some extent.
We see that the National Bank is taking steps to return to the inflation target," Lasha Khutsishvili said.
