As soon as the political situation started to normalize, the exchange rate started to normalize as well - Turnava

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26 April 2024, 23:17

TODAY

22:30
14 American senators call on Prime Minister of Georgia to withdraw the draft law, otherwise they talk about revising the US-Georgia relationship

18:10
Migration rate was much more severe during former Government – Irakli Kobakhidze

17:19
It is impossible to cancel visa-free regime without the consent of member states, as for the suspension mechanism, there are no grounds, provided for in the EU documents, in relation to Georgia - Botchorishvili

16:34
TI Georgia’s statement that Government of Georgia hides the report of the anti-corruption assessment of the Council of Europe GRECO, is false - Anti-Corruption Bureau
15:28
Georgian Foreign Minister meets his Norwegian counterpart

15:11
I congratulate you on the opening of the Zestaponi Bypass, an important part of the Rikoti Highway project of the century - Kobakhidze

15:02
Rikoti Pass project has no analogues in the reality of Georgia, therefore we boldly call this project the project of the century - Kobakhidze

14:01
Irakli Garibashvili meets with the Iranian Ambassador
13:27
Georgian Government has every right to adopt bill on transparency - Belgian senator

13:24
Police solved theft cases in Guria - 2 persons arrested

12:40
Students with high academic performance of Kutaisi and Batumi State Universities to undergo paid internships in state energy companies

12:34
37-year-old Alex Bidzishvili needs public help
12:25
Entry in EP’s resolution on visa liberalisation is pinch of a few MEPs who are angry with Georgian people - Papuashvili

12:20
In Georgia number of men per 100 women, equals 92 – GeoSTat

12:12
Public review of the constitutional drafts “On Family Values and Protection of Minors” is held in Zugdidi

11:30
This resolution is a political statement and nothing else, there are some MEPs who have a personal attitude and a personal vendetta against Georgian people – Papuashvili
11:15
Espionage and foreign interference allegations have flooded the last plenary session of the European Parliament – EURACTIV

10:09
We find the contents of this legislation incredibly troubling - Vedant Patel on draft law “On Transparency of Foreign Influence”

10:05
One person detained on the fact of selling forged money

09:50
Government of Georgia has the responsibility not to intentionally hinder the country’s path to the European future - German Foreign Ministry
08:29
Instead of playing with reputation, I would advise the European Parliament colleagues and the opposition of Georgia to speak with facts - Papuashvili

00:50
US military starts pier construction off Gaza
25 April

21:59
The steering commission convened today in Batumi to discuss the constitutional amendments

20:59
No mechanism to revise visa liberalisation for Georgia - Kaladze criticises EP’s resolution

18:07
Nothing could jeopardise Georgia’s visa liberalisation as it was the agreement with the EU - Darchiashvili

16:49
Irakli Kobakhidze meets Hungarian Prime Minister Viktor Orbán
15:42
This is a very heavy statement and judgment for Ivanishvili and his party members - Bokuchava

15:12
April 29 rally is important for the Georgian society to define its own position on where the Georgian society stands - Papuashvili

15:08
European Parliament adopted a resolution regarding the draft law “On Transparency of Foreign Influence”

14:23
Attack on the Georgian police by one of the MEPs was particularly unacceptable, I even said that an attack on the police is an attack on the state and this is unacceptable - Papuashvili
13:04
Irakli Kobakhidze is Head of the Government, who is considered a great chess player in Georgian politics, despite the challenges, how can one preserve the national identity and culture - Orbán

12:35
Joining the EU is the main foreign-political priority of Georgia - Irakli Kobakhidze

12:18
Prosecutor’s Office, with the involvement of representatives from competent agencies of France, Switzerland, and Lithuania, has solved a case of large-scale transnational crime

12:12
Homeland, language and faith - these are three main pillars forming national identity of Georgia - Kobakhidze
12:11
Global processes show that efforts to protect our centuries-old traditions and national identity need to be strengthened even more - Kobakhidze

12:05
One of draft resolutions of European Parliament mentions Georgia"s Russian-occupied region of Abkhazia as “separate state”

11:30
Lithuania, its Embassy do not in any way condone violence and express confidence in the capacity of the Georgian police and security forces - statement

10:23
Poland ready to help Ukraine get its military-aged men back - Polish defense minister
09:45
Spain’s Prime Minister Pedro Sánchez halts public duties as wife faces inquiry

09:11
Irakli Kobakhidze starts his meetings in Hungary

08:25
Chairman of the Adjara Government meets the permanent representatives of various countries at the United Nations

08:23
Minister of Defense meets the Ambassadors of Latvia and Lithuania in Georgia
08:01
Draft resolution regarding the draft law “On Transparency of Foreign Influence” in Georgia to be voted today in the European Parliament

00:13
The National Bank sets new exchange rate for GEL

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As soon as the political situation started to normalize, the exchange rate started to normalize as well - Turnava

03-07-2019 17:56

As soon as the political situation started to normalize, the exchange rate started to normalize as well - says the Minister of Economy of Georgia.

According to Natia Turnava, the domestic political situation was one of the reasons causing depreciation of GEL. As she says, two factors influence the exchange rate - Fundamental macroeconomic parameters and expectations created by political instability.

"As soon as the political situation started to normalize, the exchange rate started to normalize as well . ..Negative expectations were created by political instability. We now see this impact clearly, "said Natia Turvanava, the Economy Minister.

The national currency has strengthened against USD. The National Bank of Georgia has fixed a new exchange rate today. Official price of USD is 2.8155 GEL.

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