GEL is backed up, country"s economy can not be judged only in relation to dollar - Finance Minister

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19 November 2024, 16:21

TODAY

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16 people detained during the rally on Chavchavadze and Melikishvili avenues - MIA

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After the MIA statement was released, law enforcement officers began removing tents and vehicles blocking the road from the area around Chavchavadze Avenue and Varaziskhevi

00:02
The National Bank sets new exchange rate for GEL
18 November

21:19
24-hour non-stop protest will continue for another 24 hours - decision was made by the opposition after the President’s briefing

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Maintaining the political configuration that existed before October 26, with the existing parliament, government and president - President

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The time of radicalism in the country has passed - Kaladze

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Special Investigation Service exposed a person to the fact of unauthorised eavesdropping

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Tbilisi City Hall releases information regarding the traffic restriction due to the tents arrangement near the TSU, blocking of the road

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The state of the opposition is so dire that we would probably feel sorry for them if we did not know that we are dealing with an evil force here – Prime Minister

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We won by over 890,000 votes against the 2nd-place party and by more than 325,000 votes against the entire radical opposition combined - Prime Minister
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Four opposition unions send a letter to the ministers of foreign affairs of the European Union, demand that the EU suspend relations with Georgia at all levels

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Biden allows Ukraine to use US arms to strike inside Russia

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Protest rally in occupied Abkhazia - the situation is still tense

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Participants of the rally in front of the TSU spent the night in tents

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GEL is backed up, country"s economy can not be judged only in relation to dollar - Finance Minister

02-11-2018 18:08

GEL has again devaluated today. According to the National Bank data, the value of one dollar was GEL 2.7251.

The exchange rate is much higher in the currency booths and commercial banks.Before the new rate of Lari was announced, members of the government"s economic team said that there is nothing alarming and that the lari is firm.

The Finance Minister declares that the lari has been strengthened against the currency of all neighboring countries.

"Gel with regard to Azerbaijani mantra, Turkish lira, ruble and absolutely everyone is stronger, all of them got devaluated much more impoverished than the gel, country"s economy can not be judged only with regard to dollar," said Finance Minister Ivane Machavariani.

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