21 November 2019,   20:03
Impairment of GEL - experts name elections as one of the reasons

Experts in economics talk about the reasons for the depreciation of GEL. The specialists name money spent on elections as one of the most important factors.

According to analysts, when export in the country is increased and import is reduced, and the national currency still depreciates, the reason is linked to domestic factors.

Experts also argue that the population has GEL and decided to exchange it into more solid currency - USD.

Specialists criticize the government"s plans, regarding the so-called " de-dollarization" and say that it is ineffective and cannot stop the GEL rate.