The National Bank links recent depreciation of the exchange rate to the Russian embargo on travel and notes that the decline of the national currency is caused by the reduction in the flow of tourists.
But why a sharp drop was triggered a month earlier the June 20 events, the National Bank does not explain and does not intend to implement interventions.
"In the last period of time you have seen the fluctuations, it depends on the expectations that can be caused by the decrease in the number of tourists; if we see the necessity, we have reserves, but at this stage, it is not desirable to use reserves "said Mestvirishvili.