22 May 2024,   19:26
GEL drop sets record -2.73 GEL

The national currency sets record in depreciation. The official price of the dollar according to the National Bank is 2. 72 GEL. In the foreign currency exchange booths one dollar is 2. 74 GEL.

The dollar price in the commercial banks is even higher. Here the price of one dollar is 2. 76.

Analysts say the depreciation of the national currency is linked to the poor economic policies of the government. According to analysts, the unstable political background of the country contributes to the impairment of the currency .

Specialists are convinced that food prices will rise even more until the new year, fuel and gas prices will increase as well.