TBILISI, DFWatch–The National Bank of Georgia is increasing the refinancing rate because of an expected increase in inflation, which means that loans for a certain category of clients will get more expensive.
The explanation given for the National
Georgian National Bank’s monetary policy
Georgia strips bank supervision authority from the National Bank
TBILISI, DFWatch–The government in Georgia has decided to strip the National Bank of responsibility for supervising banks and transfer this mechanism to the prime minister.
The decision follows months of criticism by the government against the head of the National
Lowest lari rate for eleven years
TBILISI, DFWatch–The Georgian lari has dropped in value again and is now traded for more than two US dollars – the lowest exchange rate for the last eleven years.
According to the National Bank, the exchange rate for lari on January 28 is 2.0144 for one USD.
Georgian lari continues to fall
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
Georgia's National Bank changes policy after drop in lari's value
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.