The rate of GEL devaluates day by day and experts say the reason for this is the government"s wrong economic policy and the government"s attack on TBC Bank. According to analysts, the events surrounding the largest bank were unclear for investors, which ultimately resulted in a rapid decline in the rate of the national currency. Experts believe that existing bank regulations and open war against TBC may further depreciate the lari.
"The economic policy of the government is totally wrong, and the expectations of investors add up to all these , and these expectations are created by the government"s steps, such as regulations as well as the blows on business, including the TBC bank," says economist Zviad Khorguashvili.