We think that GEL exchange rate will remain stable this year, - Giorgi Kakauridze, the First Deputy Minister of Finance, stated this in the Parliament.
In response to the question posed by the deputy, Kakauridze noted that at this stage lari exchange rate is quite stable.
"The exchange rate is rather strengthened in relation to our trading partner countries, and that ultimately has a negative impact, including on our exports. It contributes to the growth of imports, which ultimately has a negative effect on the exchange rate in the long run. However, yesterday there was a certain bounce, today we see that [the rate] is still strengthened. When there is a large volume of inflows into the country from tourism, exports, etc., it helps to strengthen the exchange rate," said Giorgi Kakauridze.
According to the First Deputy Minister of Finance, it is not right to make an exact forecast, but it can be said that "great instability" is not expected until the end of the year.
