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Economic Press Monitor: Macroeconomics & Budget
June 18, 2021


BANKEBI DA FINANSEBI: “NBG VICE-PRESIDENT: WHEN ECONOMY OPENED, POSITIVE EXPECTATIONS AROSE AND THIS CAUSED SHARP STRENGTHENING OF LARI”

Papuna Lezhava, vice-president of National Bank of Georgia (NBG), indicated that “from the second half of 2020, when along with beginning of the pandemic, expectations of economic actors changed to the negative, this caused sharp depreciation of the exchange rate”.

“While in the last month, when the economy opened, positive expectations arose, and this caused sharp strengthening of lari”, Lezhava pointed and stated: “This year is expected to be better than last one”.

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Exchange Rates (NBG)
  03/28/24 + / -
  USD   2.6978   0.0106
  EUR   2.9112   0.0225
  RUR   2.9177   0.0056
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