BANKEBI DA FINANSEBI: “NATIONAL BANK HAS TO REDUCE REQUIREMENT ON MINIMAL OBLIGATORY RESERVES FOR FUNDS BORROWED IN FOREIGN CURRENCY”

According to executive director of Analysis and Forecasting Center at Tbilisi State University Irakli Dogonadze, National Bank of Georgia (NBG) has to reduce requirement, established on minimal obligatory reserves for funds, borrowed by commercial banks in foreign currency, from 15% to 5%.

It will significantly raise supply of dollars to economy via credit channels and will positively affect exchange rate of national currency, Dogonadze considers.