18 April 2024,   07:39
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Record Devaluation of National Currency and Panic in Monetary Market - Experts predict further devaluation

GEL touches a new record low in 2018. There are signs of panic in the currency market rises. A demand for dollar increases and GEL devaluates.


The Economists talk about some of the main reasons for the depreciation of GEL and say that there are several factors affecting the process.

Giorgi Papava, the economist says that it may be linked with entering new regulations of the National Bank in force.

Zviad Khorguashvili, the Economist links the pre-election environment to the impairment of the GEL . The analyst does not rule out that GEL rate will be further diminished.

In commercial banks, one USD is 2.74 GEL.

According to the Bloomberg data, the trend of impairment of GEL continues .

Prices on product increase as well.

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