03 May 2024,   07:09
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GEL continues to devaluate - Opposition speaks about the government"s responsibility

Georgian National currency continues to impair. One USD currently is 2.63 GEL in commercial banks. Panic started on the foreign exchange market this morning when the price of the national currency fell by 0,5 GEL .
The opposition claims that impairment of the national currency is linked to the government"s poor economic policy and speaks about the responsibility of the economic team.

"The exchange rate depends on a bilateral factor, not only on the inflow of currency but also on the GEL mass. It is the government"s guilt, "states Roman Gotsiridze.

Zurab Tchiaberashvili, one of the leaders of "European Georgia" says that with the short-term interventions, the National Bank will not be able to catch the course.

" Devaluation of GEL is a result of the wrong economy in the past five years," said Zurab Chiaberashvili, member of "European Georgia". 

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