GEL hits the impairment record for the year. One American dollars in commercial banks is 2 lari and 73 tetri. The currency market is in panic and the prognosis of experts is that GEL will continue to deteriorate. The rate is also high in foreign currency booths.

Considering the current situation, economists and financiers predict the increase in taxes and increase of prices on imported products. Analysts give the government some recommendations, including removal of restrictions on banking sector and reduction of taxes.

Those who study the reasons for the depreciation of the national currency have long been argued that the government and the National Bank are acting in a wrong way that makes the situation even more complicated.

"Recently we saw a cascade of mistakes by the government and it was expected that the situation will be even worse. In addition, we see that the political situation is too tense, which also affects the Lari course.

It is necessary to change the monetary policy that is tied to the hard currency, "said expert Gia Jandieri.