Natia Turnava, the Acting Governor of the National Bank of Georgia, on Monday said the exchange rate of the national currency was showing a “historic” level of strengthening, adding the dynamic was “greatly contributing” to reduction of domestic inflation.
"Lari remains strong, and we should not pay too much attention to short-term fluctuations in our market, because it can always happen - our foreign exchange market is small and one-time large transactions can cause this fluctuation”, she said.
According to Turnava, the market was “maintaining stability” while foreign currency inflows were “strong” via tourism income, service export and shipments, adding “destabilisation” was not expected.
