TBILISI, DFWatch–After a period of depreciation, Georgia’s national currency, lari, has started to stablize. The government has cancelled plans to drastically cut the budget.
According to data from the National Bank, one USD is today worth 2.3234 laris. Due to the
TBILISI, DFWatch–The government in Georgia is preparing to drastically cut the state budget to deal with a 30 percent reduction in value of the national currency.
Presenting the plans Monday, members of the ruling coalition said the budget will be cut by 500
TBILISI, DFWatch–Georgia’s vice prime minister claims the National Bank could have helped stabilize the lari by monitoring large bank transactions in and out of the country.
Energy Minister Kakhi Kaladze said this during an appearance on the talk show 2030
TBILISI, DFWatch–Georgians are disappointed with the government, lack confidence in the opposition and are worried about the situation in the country – these are the main findings of a recent poll published by the National Democratic Institute (NDI).
Judging
TBILISI, DFWatch–The head of the European Bank for Reconstruction and Development (EBRD) commends the head of the National Bank for conducting an exemplary monetary policy. The Georgian lari has tanked in recent months.
The lari has gone down
TBILISI, DFWatch–The economy minister in Georgia has finally admitted that people’s conditions have worsened in recent weeks and months. But Prime Minister Irakli Garibashvili follows his predecessor and godfather of this government in blaming the devaluation
TBILISI, DFWatch–For the second time this year, the National Bank has increased the refinancing rate by half a percentage point. The rate now stands at 5 percent.
About 8,000 people will have higher interest rate on their loans because of the change. Economic
TBILISI, DFWatch–As Georgia’s national currency lari is continues to fall in value, the economy minister assures the public that the fall will not continue and calls on journalists not to speculate.
Economy Minister Giorgi Kvirikashvili said Monday that there
TBILISI, DFWatch–Businessman and retired politician Bidzina Ivanishvili has again blamed the National Bank for not helping to prevent a drop in the Georgian lari.
“I suspect that the National Bank is still acting inadequately,” he told journalists on Thursday.
TBILISI, DFWatch–Parliament in Georgia is calling on the group of economy ministers to explain themselves again about the falling currency rate, but the finance minister claims the drop in the lari’s value is only temporary.
The value of the Georgian lari started