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Your query was: devaluation
Articles found: 602



Displaying page 5 with matches: 81 - 100

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  1. Bankebi da Finansebi: “POLITICAL PRESSURE UPON LARI RATE – WHY LARI ESTABLISHED A RECORD OF DEPRECIATION”
    (Economic Press Monitor: July 12, 2019)

    For the last 2 months, Georgian national currency, lari, established two anti-records of depreciation and exchange rate exceeded 2.86 GEL/USD for the first time, points author of the article, vice-president of Young Businessmen and Financiers Association Paata Bairakhtari.

    As Bairakhtari explains, lari started depreciation in May that was connected with 2 major factors– growth of money supply (by almost 2 billion lari year-on-year) and devaluation of Turkish lira and its related psychological factors.

  2. Forbes Georgia: “FROM $1=1.75 TO $1=2.88 – WHAT MEMBERS OF THE GOVERNMENT HAD SAY AND HOW THEY EXPLAINED DEVALUATION OF LARI”
    (Economic Press Monitor: July 9, 2019)

    Sharp devaluation of lari was started in 2014 and since that, cost of $1 increased by 1 lari and about 15-20 tetri, the magazine reminds. The article brings statements, made by members of Georgian government in connection with devaluation of lari.

  3. Kviris Palitra: “DOUBLE HIT TO LARI”
    (Economic Press Monitor: July 1, 2019)

    Within a week, Georgian national currency, lari, has depreciated by 10 tetri, the newspaper reports. The article brings estimation of experts, “lari got double hit recently” (the matter concerns Russian sanctions and protest actions in Tbilisi).

  4. Forbes Georgia: ““G&T” EXPECTS STRENGTHENING OF LARI EXCHANGE RATE TO THE MARK OF 2.6 FROM 2020”
    (Economic Press Monitor: June 26, 2019)

    Georgian investment bank Galt&Taggart (G&T) does not expect sharp devaluation of lari against the background of Russian sanctions, the magazine reports. However, G&T notes that there will be a certain instability.

  5. Rezonansi: “NATIONAL BANK AND THE GOVERNMENT CONTINUE TO DESTROY LARI”
    (Economic Press Monitor: June 19, 2019)

    David Tsikaridze, director of Admiral Markets, indicates that there are no fundamental factors inside the country for devaluation of lari. In summer, demand for lari grows and the rate has to be the most stable, he specifies.

  6. Kviris Palitra: “WHAT WILL RISE IN PRICE BECAUSE OF FLUCTUATION OF LARI”
    (Economic Press Monitor: May 27, 2019)

    Official exchange rate exceeded 2.78 GEL/USD, the newspaper points, noting that more than this lari was depreciated in December 2016.

    National Bank of Georgia (NBG) explains that conclusion, allegedly devaluation of lari will cause inflation, is wrong, the newspaper says, indicating that Georgia is very dependent on import and in these circulstances, “only prayer could save production from a rise in price”.

  7. Bankebi da Finansebi: “REASON OF LARI DEVALUATION IS PROBABLY EXPECTATIONS, WHICH MARKET PLAYERS HAVE”
    (Economic Press Monitor: May 23, 2019)

    “There is no fundamental macroeconomic ground for devaluation of lari”, Georgia’s Deputy Finance Minister Giorgi Kakauridze assures.

    According to Kakauridze, “reason of lari devaluation is probably expectations, which market players have”.

  8. “S&P”: HIGH DOLLARIZATION RATE IN GEORGIA, DESPITE NOTABLE DECREASE AFTER 2017, HAMPERS EFFICIENCY OF MONETARY POLICY
    (Daily News: April 16, 2019)

    Independence of National Bank of Georgia (NBG) and floating exchange rate “increase flexibility of monetary policy, but high rate of dollarization still remains a challenge”, declares Standard&Poor’s (S&P).

    The rating agency indicates that “high rate of dollarization, despite notable decrease after 2017, hampers efficiency of monetary policy”.

  9. “S&P” IMPROVED OUTLOOK FOR GEORGIA’S SOVEREIGN RATING
    (Daily News: April 15, 2019)

    On April 13, Standard&Poor’s (S&P) improved outlook for sovereign rating of Georgia from “stable” to “positive”, Georgian government reported. The rating itself is “BB-”.

  10. “SILKNET”: THERE WAS NO DEAL OR AGREEMENT WITH OTHER COMPANY IN CONNECTION WITH RENEWED PACKING
    (Daily News: January 23, 2019)

    In connection with the renewed tariff packing, “no deal or agreement of any sort took place with other company”, Georgian communication company SilkNet said in the statement.

    The statement indicates investments of the company and notes that “procurements, related to development, are fully conducted in foreign currency, while income is in local currency”.

  11. Bankebi da Finansebi: “FOR LARGE BUSINESS, THE YEAR APPEARED POSITIVE – BUSINESS SECTOR ESTIMATES 2018”
    (Economic Press Monitor: January 16, 2019)

    In spite of certain problems, created by devaluation of lari, 2018 appeared quite attractive and active for representatives of business sector, the newspaper says.

    The article brings comments of some representatives of large companies, including executive director of Georgian Business Association Irakli Aslanishvili, founder of development company Redix Lasha Papashvili and corporate director of brewing company Natakhtari Nikoloz Khundzakishvili.

  12. LLC “ENGURHES” FIXES LOSSES FOR THE LAST 3 YEARS
    (Daily News: January 11, 2019)

    For the last 3 years, LLC EngurHES (wholly state-owned largest hydroelectric station of Georgia) is unprofitable, Georgian government reported in materials, enclosed to the draft of Georgia’s state budget-2019.

    In particular, losses of the company in 2017 made up 10.04 million lari, in 2016 – 7.3 million, in 2015 – 13.16 million lari.

  13. Rezonansi: “IN A WEEK, GAS WILL RISE IN PRICE”
    (Economic Press Monitor: December 18, 2018)

    Georgian National Energy and Water Supply Regulating Commission has to consider issue of change of natural gas tariff on December 26. The Commission does not confirm possible increase of gas price, but does not exclude too, the article points.

  14. Tabula: “FINANCE MINISTER: DEVALUATION OF LARI IS GUILT OF RHETORIC AND DIRT FROM OPPOSITION”
    (Economic Press Monitor: November 9, 2018)

    Georgia’s Finance Minister Ivane Machavariani declares that “The mark, where lari is today, has absolutely no economic grounds”.

    “It is usual hullabaloo, caused by that dirty campaign, which the opposition mostly conducts”, the Minister considers.

  15. Netgazeti.Ge: “IF NATIONAL BANK BEGINS INTERVENTIONS, WE’LL FIND OURSELVES IN EVEN WORST STATE – CHKONIA ON LARI EXCHANGE RATE”
    (Economic Press Monitor: November 8, 2018)

    Founder of Coca-Cola Bottlers Georgia Temur Chkonia considers that devaluation of lari can be attributed to existence of “black money” in the country in election period, Netgazeti.Ge reports. “During the period of election campaign, there must be certain limit for expenditure”, the businessman declares.

  16. YOUNG FINANCIERS AND BUSINESSMEN ASSOCIATION: RAPID ACTIONS MUST BE TAKEN FOR STOPPING OF LARI DEVALUATION
    (Daily News: November 6, 2018)

    Young Financiers and Businessmen Association declared that “drop of lari exchange rate against dollar reached in the recent period a disturbing point”, and urged the government and National Bank of Georgia (NBG) to take timely and rapid actions for stopping of lari depreciation. For that end, the Association offered 5 recommendations.

  17. Bankebi da Finansebi: “WHAT IS CONNECTIONS BETWEEN DEFICIT-DRIVING EXPENDITURE OF THE BUDGET AND DEVALUATION OF LARI”
    (Economic Press Monitor: November 2, 2018)

    The newspaper publishes reasons of Shota Gulbani, president of Young Financiers and Businessmen Association, concerning expenditure of the budget and exchange rate of lari.

    Gulbani indicates that considering mechanisms of formation of the rate, one cannot say that deficit-driving expenditure of the budget is in direct correlation with devaluation of lari, but it still is able to impact the rate.

  18. Rezonansi: “LARI RATE UNDERMINED THIS AUTHORITY”
    (Economic Press Monitor: October 23, 2018)

    Lari started depreciation on November 20, 2014 and since that, has devaluated from 1.76 GEL/USD to 2.7 GEL/USD, the newspaper says.

    In the import-dependent country, devaluation of lari caused sharp price growth, inflationary processes and excessive indebtedness, which have been followed by more intensive emigration, the article specifies.

  19. Kviris Palitra: “WHO CASHES IN ON DEVALUATION OF LARI?”
    (Economic Press Monitor: October 22, 2018)

    Last week, lari started rapid depreciation and official exchange rate reached 2.7 GEL/USD, approaching a historical maximum (2.78 GEL/USD – December 2016), the newspaper says. The article notes that for the last 3 months, the US dollar increased in price against lari rose approximately by 25 tetri.

  20. Bankebi da Finansebi: “NOTHING ALLOWS US TO SAY THAT LARI WILL INEVITABLY OR ESSENTIALLY DEPRECIATE”
    (Economic Press Monitor: October 18, 2018)

    Georgia’s Deputy Finance Minister Giorgi Kakauridze assures that “economic policy really does not cause devaluation of lari”.

    “All fundamental factors, affecting exchange rate, do not allow us to say that we have to have any different expectations, i.e. that there are risks of any depreciation”, Kakauridze declares.

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