TBILISI, DFWatch–The Georgian lari is on course for a new historic low, after setting a record earlier this year at 2.4921 laris per US dollar. Today it is valued at 2.4899.
Prime Minister Giorgi Kvirikashvili explained the new drop in the value of the lari is as a result of growing imports.
TBILISI, DFWatch–The Georgian national currency on Monday reached a new historic low of 2.4923 lari for one US dollar. The price of dollars in exchange booths and banks was more than 2.53 laris.
On January 23, one US dollar was 2.4694. Since the lari was introduced
TBILISI, DFWatch–The National Bank of Georgia has issued a new anniversary coin in connection with the national currency’s 20 years of existence.
The nominal value of the new collector’s item is 20 laris, and it was manufactured by Mennica Polska in Poland.
TBILISI, DFWatch–The government in Georgia has presented a list of state properties to be sold off to bring in new money, as a means to deal with an unexpected 30% drop in the value of the national currency, the lari.
Among the properties to be sold are the
TBILISI, DFWatch–The government in Georgia has proposed to cut spending in order to deal with a drastic drop in the value of the national currency, the lari.
The lari began falling in November last year, and went from a level of 1.75 lari against the US dollar
TBILISI, DFWatch–As the Georgian lari reached a new record low, the Georgian government’s “economy team” gathered to come up with a plan to save the country’s economy.
The US dollar is valued at 2.1771 laris in the most recent figures from the National Bank
TBILISI, DFWatch–The currencies of Georgia and Armenia are recovering after a slump of more than 10% in the last few weeks.
The sight of money exchanges trading US dollars for more than two Georgian lari (GEL) set off a fervent debate in Tbilisi.
Many blamed
TBILISI, DFWatch–Georgia’s National Bank has unveiled a new symbol for its currency, the lari. The sign is a modified old Georgian letter ‘L’ with two bars, slightly resembling the euro sign.
The winner of the National Bank’s competition is a cross between the Georgian letter
TBILISI, DFWatch–The Georgian lari continues to fall in value and hit 1.7817 against the US dollar on January 23.
The fall started in early November and continued gradually from a level of around 1.67 lari against the dollar the month before.
The lari rate has also
TBILISI, DFWatch–The National Bank of Georgia plans to tighten its monetary policy in case the fall in the exchange rate of lari sets off an inflation.
After falling in value for several months, the Georgian lari (GEL) is now rated at 1.7421 against the US dollar.