Daily News: Economics
February 27, 2015
PRESIDENT OF NATIONAL BANK OF GEORGIA: NBG DOESN’T PLAN TO SPEND RESERVES
President of National Bank of Georgia (NBG) Giorgi Kadagidze responded today to accusations, expressed recently by ex-premier Bidzina Ivanishvili and government members, and said that NBG doesn’t plan to spend reserves it order to strengthen lari exchange rate. As Kadagidze stated, devaluation is caused by fundamental economic reasons and spending reserves will be inadequate decision in this situation.
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2.6978 |
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2.9177 |
0.0056 |
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